Gold prices edged higher on Tuesday as investors snapped up bars and coins in a wave of physical buying after the metal dropped to its lowest level in nearly six months in the previous session. Spot gold was up 0.4 percent at $1,224.46 an ounce at 0554 GMT. The metal had slipped to its lowest since June 3 at $1,211.08 an ounce on Monday.
US gold futures climbed 0.2 percent to $1,224.30. Demand from China buoyed prices during Asian trade, said MKS PAMP Group trader Sam Laughlin. "Support for the metal sits broadly around $1,210, while below this, the late May low around $1,200 should see strong (buying) interest." The metal has fallen nearly 9 percent from a November 9 high of $1,337.40 per ounce after Donald Trump's election as US president, hurt by a stronger US dollar and surging Treasury yields as investors bet fiscal and trade policies under his administration will stoke inflation.