Gold prices are almost flat as equities have mingled amid lingering recession concerns by Investing.com

Investing.com – Gold prices nearly stabilized Wednesday in Asia, while equities were mixed amid lingering recession fears.

Transactions on the Comex division of the New York Mercantile Exchange remained unchanged at US $ 1,321.35 an ounce at 1:43 am ET (5:43 GMT).

Stocks and other risky assets have struggled since last Friday after reversing the gap between US Treasury yields at 3 months and 10 years, a sign of a potential recession.

"Investors are very cautious about reversing the Treasury yield curve, which was already one of the first signs of a recession," said Margaret Yang, market analyst at CMC Markets, Singapore, in a statement. a Reuters report.

Traders are also closely monitoring the evolution of Brexit trade negotiations and Sino-US relations, as they could increase Bullion's attractiveness as a safe haven based on results.

The latest round of trade talks is scheduled to begin Thursday this week, while the next Brexit vote is scheduled later in the day.

In the United States, housing starts fell 8.7%, the second largest monthly decline since November 2016, the Commerce Department announced overnight.

Weak data had little impact on dollar and gold prices. The greenback's last follow-up against a basket of other currencies was 96.405, up 0.2%.