Gold prices were relatively high in Wednesday's trading session, following a boost from declining US treasury yields and risky market sentiment.
At the opening of the European session, gold futures traded higher around $ 1,785 an ounce, not far from the 7 -week high it reached earlier in the week.
The benchmark U.S. 10 -year bond yield fell to 1.56%, after posting a rise to 1.6% on Tuesday.
The greenback, meanwhile, is still around a 7-week low against most major currencies, despite rebounding as a safe-haven amid a return to risky sentiment.
Covid-19 is once again haunting the market, after India recorded a sharp increase in the number of cases and deaths that forced New Delhi to implement a lockdown.
This caused safe-haven trading to benefit from market concerns that a new wave of Covid-19 would cause the global economic recovery to be affected.
