Gold price extends its steady ascent back closer to multi-month top, looks to US GDP

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• Gold price attracts some buyers for the second straight day amid geopolitical concerns. 
• Bulls seem rather unaffected by rising US Treasury bond yields and a stronger US Dollar.
• Investors look to the Advance US Q3 GDP growth figures for some meaningful impetus. 

Gold price (XAU/USD) gains some positive traction for the second successive day on Thursday and continues scaling higher through the first half of the European session. The safe-haven precious metal has now moved back closer to its highest level since May 16 touched last Friday and remains well supported by the risk of a potential escalation in the Israel-Hamas war. This, to a larger extent, helps offset a further rise in the US Treasury bond yields, bolstered by hawkish Federal Reserve (Fed) expectations, which pushes the US Dollar (USD) to a three-week high and tends to undermine the non-yielding yellow metal.