India, Sept. 3 -- Gold hovered near record levels on Wednesday as investors grappled with rising bond yields and renewed trade uncertainty.
Growing expectations of a Federal Reserve rate cut this month, lingering political uncertainty in France and renewed Russia-Ukraine tensions also buoyed safe-haven demand for the precious metal.
Spot gold edged up by 0.1 percent to $3,536.85 per ounce in European trading, while U.S. gold futures were up 0.4 percent at $3,605.80.
Equity markets sank as bond yields surged after the long weekend amid Fed independence worries and increased investor anxiety following a landmark federal appeals court decision that ruled most of President Donald Trump's global tariffs illegal.
Trump's erratic tariffs and o...