Gold Edges Higher As Oil Prices And Bond Yields Dip

Gold prices were modestly higher on Tuesday as falling oil prices and lower bond yields helped ease concerns around inflation and interest rates.

Spot gold edged up 0.30 percent to $4,152.68 an ounce while U.S. gold futures were up 0.6 percent at $4,179.55.

Oil prices were sharply lower, with Brent crude prices falling nearly 2 percent to trade below $99 a barrel on signs of resilient Middle Eastern crude exports and the G7’s announcement of a 100-million-barrel coordinated stock release.