Gold prices edged higher in early Asian trade but remained under pressure near multiweek lows. A firm U.S. dollar and rising bond yields weighed on the yellow metal overnight. Spot gold rose 0.1% to $4,116.42 a troy ounce.

Markets are expecting further tightening from major central banks, and geopolitical developments will remain crucial for gold's trajectory. Higher oil prices and Middle East tensions renewed inflation concerns, adding to the bearish sentiment.