Bengaluru — Gold prices edged down on Tuesday on a firmer dollar and a rise in US treasury yields and as investors’ reaction to the dispute between the US and Iran remained muted. Spot gold was down 0.2% at $1,221.61/oz at 3.59am GMT. US gold futures for August delivery were 0.3% lower at $1,221.90/oz. The dollar index, which measures the greenback against a basket of six major currencies, held steady at 94.662. It hit a one-year high of 95.652 last week. "In addition to the US dollar, there has been little follow through on the [US President Donald] Trump and [Iranian President Hassan] Rouhani war of words and frankly the overall reaction on risk sentiment was muted," said Stephen Innes, Asia-Pacific trading head, Oanda. "I think the market realises the chance of this escalation leading to a US military reprisal is overblown." Iran on Monday dismissed an angry warning from Trump that Tehran risked dire consequences if it made threats against the US. Trump on Sunday warned Rouhani n...
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