Pandit Ji Live Updat’s On Gold; Gold gains as US recession fears boost safe-haven assets:

Spot gold was up 0.2 percent at $1,316.11 per ounce as of 0422 GMT, while U.S. gold futures gained 0.3 percent to $1,315.80 an ounce.

Gold rose on Monday as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth, increasing appeal for the bullion alongside yen and bonds.

Spot gold was up 0.2 percent at $1,316.11 per ounce as of 0422 GMT, while U.S. gold futures gained 0.3 percent to $1,315.80 an ounce.

The metal last week posted its third consecutive weekly gain and rose 1 percent, the most since the week ended Feb. 1.

Investors dumped shares and fled to the safety of bonds, while the Japanese yen hovered near a six-week high.
“Market is in a risk aversion mode. It seems that the data from Friday night, of U.S. and Europe, didn’t come as expected,” said Michael McCarthy, chief market strategist, CMC Markets.

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