Gold prices hit a new high on Friday as the US dollar index and Treasury yields declined. The dollar index dropped to a low not seen since September, while the 10-year Treasury yield hit its lowest level since 8 September. Analysts are divided on whether gold has entered overbought territory, but some predict it will continue to rise and test historic highs. The market is closely watching the Federal Reserve's policies, with traders increasingly confident of an interest rate cut early next year.
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