Gold prices edged higher on Wednesday, supported by a pullback in the U.S. dollar and Treasury yields, as markets monitored the fragile truce between Israel and Iran. Spot gold was up 0.2% at $3,330.99 per ounce,

Gold prices held steady on Wednesday after two consecutive sessions of declines, as market participants monitored a ceasefire between Iran and Israel, while Brent futures rose 1.5%. The dollar index hovered near a one-week low,

In precious metals, Gold prices fell yesterday by more than 1% to $3,324/oz as both Israel and Iran reportedly upheld the ceasefire agreement after some earlier confusion and the intervention of the US president, ING's commodity experts Ewa Manthey and Warren Patterson note.