Gold dropped on profit booking after prices gained supported by uncertainties around SinoU.S. trade war and a slew of interest rate cuts by global central banks.
Interest rates futures suggested traders are building bets that the Federal Reserve would cut rates three more times by this year-end to avert a recession.
U.S. 10-year Treasury yields dropped further below three-month rates, an inversion that has reliably predicted recessions in the past.
Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.
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