Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high.
Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD.
Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal.
Gold price (XAU/USD) adds to its intraday gains and climbs to a fresh one-and-half-week high, around the $2,664-2,665 area during the first half of the European session on Thursday. The uptrend witnessed since the beginning of the current week is fueled by geopolitical risks stemming from the worsening Russia-Ukraine war, which tends to benefit the safe-haven precious metal. Apart from this, a modest US Dollar (USD) downtick acts as a tailwind for the commodity.
Meanwhile, expectations that
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