India, March 13 -- Gold gained for a third straight session and held near its record peak on Thursday as the dollar dipped and U.S. Treasury yields turned lower on concerns over a potential recession in the United States.
Spot gold rose 0.4 percent to $2,945.94 per ounce in European trade while U.S. gold futures were up 0.3 percent at $2,954.89.
The U.S. dollar remained depressed near its lowest level since October 16 touched on Tuesday due to worries over a recession.
It is feared that U.S. President Trump' tariff policies could hit businesses and in turn impact the common consumers in a consumption-driven economy.
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