Commodities Update — Gold edges up; Corn at 6-week high, Wheat climbs; Base metals climb on supply concerns

RIYADH: Gold prices edged higher on Tuesday as the dollar pulled back slightly, but mounting worries over aggressive US rate hikes to control soaring inflation kept bullion near a one-month low.

Spot gold was up 0.2 percent at $1,738.79 per ounce, as of 0325 GMT, after hitting its lowest since July 27 at $1,727.01 on Monday. 

US gold futures gained 0.1 percent to $1,750.50.

Silver falls

Spot silver fell 0.2 percent to $18.97 per ounce, while platinum was steady at $875.81. 

Palladium climbed 1.4 percent to $2,023.20.