Gold Edges Up as Treasury Yields Ease
The price of gold recorded some gains on Tuesday as yields on U.S. Treasuries eased and there was news of de-escalation in the conflict between Israel and Hezbollah in Lebanon. However, there were mixed signals on progress in talks between Iran and the U.S. Spot gold gained 0.8% to reach $4,517 an ounce while gold futures for delivery in August recorded a 0.9% gain to go for $4,547 an ounce. Brian Lan, the managing director of GoldSilver Central, commented that gold prices are ticking upwards because of the easing conflict in Lebanon between the Israelis and Hezbollah. At the same…