Gold up

Bengaluru : Gold prices edged higher on Wednesday as most global stock markets fell and as the U.S. dollar eased below an over three-month high hit in the previous session.

Spot gold was up 0.1 percent at $1,330.96 per ounce at 0058 GMT. Prices on Tuesday rose 0.5 percent to break a three-session losing streak.

U.S. gold futures were steady at $1,332.60 per ounce. Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the three percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon.

The dollar index , which measures the greenback against a basket of currencies, was little changed at 90.800, lower than 91.076 hit in the previous session, its strongest level since Jan. 12.