Srinagar, July 23 -- July 23 - Gold prices edged lower on Wednesday as investor appetite for risk improved following a trade agreement between the U.S. and Japan, while a stronger dollar and rising U.S. Treasury yields further weighed on bullion.

Spot gold dipped 0.2% to $3,423.08 per ounce by 0804 GMT, retreating after briefly touching its highest level since June 16. U.S. gold futures also declined by 0.2%, settling at $3,435.90.

The market responded to U.S. President Donald Trump's announcement of a trade pact with Japan that reduces tariffs on automotive imports and shields Tokyo from additional levies. In return, Japan committed to a $550 billion investment and loan package aimed at the U.S.

"Gold is pulling back slightly after th...