India, June 4 -- Gold prices were modestly higher on Wednesday, with a weaker dollar, simmering trade tensions and Fed rate cut bets offering some support.
Spot gold edged up by 0.3 percent to $3,362.47 per ounce in European trade while U.S. gold futures were up 0.2 percent at $3,384.02.
The dollar was slightly lower, making bullion attractive for holders of other currencies. Treasury yields also dipped as markets price in two Federal Reserve rate reductions this year beginning in October.
Traders monitored the latest tariff headlines ahead of a deadline for U.S. trading partners to make their "best offers".
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