Gold ticks up as lower U.S. Treasury yields boost appeal

An employee arranges gold bars at the YLG Bullion International Co headquarters in Bangkok. ― Bloomberg

BENGALURU: Gold inched higher on Wednesday in thin range-bound trading as lower U.S. Treasury yields boosted the bullion's appeal, keeping prices above the key level of $1,800 per ounce.

Spot gold was up 0.1% at $1,806.93 per ounce by 0620 GMT, hovering near the intraday low of the previous session when bullion scaled a one-month high on signs of rising inflation before reversing course due to a firmer dollar.