Gold edges up as U.S. yields soften

Gold prices inched up on Tuesday, having earlier slid to its lowest in 8-1/2 months, as U.S. Treasury yields eased and offset pressure from a stronger dollar.

Spot gold was up 0.2% to $1,727.16 per ounce by 1200 GMT after falling to $1,706.70, its lowest since June 15. U.S. gold futures were up 0.3% to $1,727.40.

“We have a bit of a pause in the (rally) in U.S. yields now,” said ABN Amro analyst Georgette Boele.