Bengaluru — Gold fell on Tuesday, retreating from a near one-month peak hit in the previous session, as equity markets regained some ground following a sharp slide driven by fears of a global slowdown, and bond yields edged up. Spot gold was down 0.6% at $1,314.51 an ounce as of 11.02am GMT, after hitting its highest since February 28 at $1,324.33 on Monday. US gold futures were down 0.7% at $1,314 an ounce. “We have a bit of recovery in the equity markets, risk sentiment is positive; that is a little bit of a drag on gold,” Julius Bär analyst Carsten Menke said. Some profit-taking after prices recovered over the past few days, as well as rebounding US bond yields, were also weighing on gold, Menke added. Calm returned to global markets as a steadier day for Europe and Asia’s bourses and a tick higher in benchmark bond yields helped ease nerves after a few days dominated by recession worries. The 10-year US treasury yield edged up, having fallen below the yield for three-month bills...

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