Gold is staying under pressure in early Asia on Wednesday as dollar rebounded back above 103 mark tracking higher yields. The dollar index tumbled to a near seven-month low as a weak jobs report from Friday stoked fears of a US recession. US benchmark 10-year bond yields climbed to 3.9%. However, expectations of a near term rate cut by Federal Reserve coupled with Middle East tensions are keeping safe haven demand for the commodity intact, reducing losses in the counter. Currently, the yellow metal is quoting at $2425.70 an ounce, down 0.24% in the day.

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