India, Oct. 7 -- Gold prices fell toward $4,100 an ounce on Wednesday as oil prices climbed and yields rebounded on fears Iran is stepping up attacks on tankers in the Strait of Hormuz.
Spot gold fell 1.1 percent to $4,119.97 an ounce, with inflationary risks and rate hike concerns in focus. U.S. gold futures were down 1 percent at $4,145.47 an ounce.
Brent crude futures rose about 1 percent toward $102 a barrel after U.K. Maritime Trade Operations said there had been nine attacks so far this month, half the number it reported for all of September in the waterway and Persian Gulf combined.
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