India, March 11 -- Gold prices edged higher on Tuesday as the dollar index slipped and yields on 2-year Treasuries slumped to the lowest level since October on fears of a potential U.S. recession.
Spot gold jumped 0.7 percent to $2,909.49 per ounce in European trade, while U.S. gold futures were up half a percent at $2,914.26.
The dollar index slipped as demand for recession havens boosted gold, yen, the Swiss franc and sovereign bonds.
There is much anxiety over U.S. tariff policy and a potential recession in the world's largest economy.
After trading closed on Monday, a White House official downplayed the weeks-long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy....