India, Sept. 8 -- Gold prices edged lower on Tuesday as rising oil prices amid escalating Middle East tensions revived inflation and interest-rate concerns.
Spot gold slipped 0.2 percent to $4,396.21 an ounce while U.S. gold futures were down 0.8 percent at $4,440.29 an ounce.
The U.S. dollar index was marginally higher, recovering early losses as investors kept a close eye on developments in the Middle East and looked forward to the release of crucial U.S. inflation data this week, which could influence expectations around the Federal Reserve's September policy decision.
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