Gold rises

Reuters

Bengaluru

Gold prices edged up on Tuesday, but the safe-haven metal´s gains were limited by a firmer dollar and as Asian shares recovered from two-month lows.

Spot gold rose 0.25 percent to $1,276.70 per ounce at 0041 GMT.

U.S. gold futures rose 0.32 percent to $1,278.30.

The dollar firmed on Tuesday as a recovery in crude prices lifted equities and U.S. Treasury yields, and lessened demand for the safe-haven yen.

Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains boosted Wall Street.

MSCI´s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, extending the recovery from its two month low set on Friday.

Japan´s Nikkei gained around one percent.