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Fed rate cut bets drive gold to all-time high
Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while palladium was set to log its best week in nine months.
Spot gold firmed 0.3% to $2,565.86 per ounce by 1049 GMT, after hitting a record high of $2,572.81 earlier. U.S. gold futures rose 0.5% to $2,593.70.
The dollar slipped 0.4%, making bullion more attractive to other currency holders. [USD/]
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