- Gold price attracts buyers on Wednesday and recovers further from the weekly low.
- Softer US bond yields keep the USD bulls on the defensive and lend some support.
- Recession fears and geopolitical risks further seem to benefit the safe-haven metal.
Gold price (XAU/USD) builds on the overnight bounce from the $1,954-1,953 region and gains some follow-through positive traction during the Asian session on Wednesday. The non-yielding yellow metal, for now, seems to have stalled its recent retracement slide from the vicinity of the $2,000 psychological mark, or a five-month top touched last Friday, and benefits from softer US Treasury bond yields.
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