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- Gold price recovers the recent losses on the stable US Dollar after recent gains.
- Downbeat US Bond yields could offer support for the precious metal.
- Israel’s delay on ground assault plan in Gaza weakens the demand for safe-haven asset Gold.
- Solid US PMI data supported the US Dollar to rebound from the monthly low.
Gold price snaps the losing streak, trading higher around $1,970 per troy ounce during the Asian session on Wednesday. The price of the precious metal receives upward support due to the stable US Dollar (USD) post-trimming recent losses.
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