Gold edged higher, supported by lower Treasury yields and a partial ceasefire between Hezbollah and Israel, while investors awaited details on the status of US-Iran peace talks amid conflicting news, Reuters reports.
Spot gold rose 0.5 per cent to $4,507.56 per ounce by 0420 GMT. US gold futures for August delivery gained 0.7pc to $4,538.
“It seems that because of the ceasefire between Israel and Hezbollah, we’re seeing a bit of an uptick in terms of gold prices,” said GoldSilver Central Managing Director Brian Lan, adding that lower Treasury yields were further supporting the metal.
