Gold rallies finishing with weekly gains, ahead of US NFP data

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• Gold price catapults to $2,088.33, marking a significant rally in response to US economic reports and bond yield dynamics.
• Mixed manufacturing PMI reports fuel Gold’s ascent with ISM data indicating contraction in US manufacturing sector.
• Declining US Treasury yields bolster Gold’s attractiveness, pushing XAU/USD to new year-to-date peak.

Gold price soars to a new year-to-date high of $2,088.33 in Friday’s North American session, following the release of mixed economic data, as S&P Global revealed the economy in the United States is expanding. On the other hand, the Institute for Supply Management (ISM) reported that manufacturing activity is contracting, overshadowing the first report. The XAU/USD exchanges hands at $2,084.89, up more than 2.3%.