Sustained dollar weakness amid downbeat treasury yields on increasing fears of a recession is seen benefitting gold futures. US 10-year Treasury yields are down 3.5 basis points near 2.78% while the dollar index, that measures the greenback against a basket of currencies is lower by 0.17% at 106.17. COMEX gold futures are higher by 0.24% at $1723.35 an ounce. Besides, waning risk mood with all major US stock indexes trading weak on Monday as investors braced for the US earnings season kicking in could improve appetite for the yellow metal. Powered by Commodity Insights
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