Gold stages a modest recovery from the $4,480 region, or its lowest level since March 30, touched during the Asian session, though the upside potential seems limited. The US Dollarbuying remains unabated in the wake of persistent geopolitical uncertainties. Furthermore, rising Crude Oil prices fuel inflationary concerns and bolster bets for a more hawkish US Federal Reserve, which lends additional support to the USD and contributes to keeping a lid on the non-yielding bullion.
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