Gold prices are extending recovery for the third day as waning risk sentiments improved appeal for the safe haven commodity. Prevailing recessionary worries on the back of bleak global economic data accompanied by energy crisis in Europe are hampering risk sentiment. Besides, pause on dollar rally tracking lower treasury yields awaiting Fed rate stance is also benefitting the yellow metal. Gold futures are quoting up by nearly half a percent at $1730.80 an ounce. Powered by Commodity Insights
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