Gold on MCX settled up 0.32% at 30573 as the U.S. dollar surrendered early gains after prices seen pressure boosted by minutes from Fed.
With markets looking past Wednesday's hawkish FOMC meeting minutes, a modest US Dollar retracement was seen lending some support to gold.
Adding to this, the prevalent risk-off environment, as depicted by a sea of red across European equity markets provide an additional boost to the precious metal's safe-haven appeal.
The global risk aversion was further reinforced by sliding US Treasury bond yields, which was further seen benefitting the non-yielding yellow metal.
The global risk aversion was further reinforced by sliding US Treasury bond yields, which was further seen benefitting the non-yielding yellow metal.
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