Gold Approaches $2,685 Record High
Gold is nearing its all-time high of $2,685.
A decline in manufacturing activity in New York spurred recent buying interest.
A price break above $2,685 would signal a new record high and continue the bullish trend.
Market jitters from weaker U.S. manufacturing data led to a drop in the U.S. Dollar and Treasury yields.
Lower expected interest rates enhance gold's appeal by reducing the opportunity cost of holding the asset.
