By Reuters
Gold prices climbed on Tuesday to their highest level in more than a month, supported by a weaker US dollar and lower Treasury yields, as investors looked for progress in trade talks ahead of an August 1 deadline.
Spot gold was little changed at $3,389.98 per ounce, as of 0503 GMT. Earlier in the session, bullion hit its highest level since June 17.
U.S. gold futures held their ground at $3,402.90.
鈥淕old鈥檚 move on the upside has been pretty much supported by positive technicals and as well as reinforced by a broad base of dollar weakness,鈥 OANDA senior market analyst Kelvin Wong said.
The U.S. dollar index was hovering near a more than one-week low against its rivals, making greenback-priced gold less expensive for other currency holders.
Benchmark 10-year U.S. Treasury yields hit a more than one-week low on Monday. USD/US.
The European Union is exploring a broader set of possible countermeasures against the United States as prospects for an acceptable trade agreement with Washington fade, accordi