Gold has largely hovered around $4,000 an ounce since late June, with a wave of dip-buying keeping the metal above the psychological threshold that some traders see as a key support.

Bullion inched above US$4,060 an ounce, having fallen as much as 0.7 per cent earlier in the session. Read more at straitstimes.com. Read more at straitstimes.com.

Gold prices increased over one percent on Monday. A pause in Middle East hostilities lowered oil prices and inflation worries. This development supported gold's appeal as…