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Gold Prices Near Flat as Stocks Mixed Amid Lingering Recession Concerns

Gold prices traded near flat on Wednesday in Asia, while equities were mixed amid lingering recession fears.

Gold Futures traded on the Comex division of the New York Mercantile Exchange was unchanged at $1,321.35 per ounce by 1:43 AM ET (05:43 GMT).

Equities and other risk assets struggled since last Friday after the spreads between U.S. 3-month and 10-year Treasury yields inverted, a sign of a potential recession.

Meanwhile, the safe-haven gold rallied on Monday but gave back some of its gains the previous day as sentiment recovered somewhat.

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