Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Spot gold fell 0.1 percent to USD 4,100.32 per ounce while US gold futures for August delivery shed 1.1 percent to USD 4,112.50 as fresh US military strikes on Iran lifted oil prices nearly 3 percent. Markets raised bets on a September Fed rate hike to over 67 percent, up from about 57 percent, while China's central bank reported its biggest monthly gold reserve increase in over two-and-a-half years.