• Gold price scales higher for the third straight day as Russia-Ukraine tensions continue to drive haven flows. 
• Rebounding US bond yields offer some support to the US Dollar and might cap further gains for the XAU/USD.
• Traders look to speeches from influential FOMC members for rate-cut cues.

Gold price (XAU/USD) attracts some follow-through buying for the third consecutive day on Wednesday and climbs to a one-and-half-week high, around the $2,641-2,642 region during the Asian session. Mounting Russia-Ukraine tensions continue to boost demand for traditional safe-haven assets, which, along with subdued US Dollar (USD) price action, act as a tailwind for the precious metal. 

That said, the overnight comments from Russian and US officials helped ease market concerns about the onset of a full-blown nuclear war, which is evident from a generally positive tone around the equity markets. Apart from this, a goodish pickup in the US Treasury bond yields favors the USD bulls and warrants some caution before positioning for any further appreciating move for the Gold price.