Gold rises on falling U.S. Treasury yields

CHICAGO, Jan. 29 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. Treasury's bond yields fell.

The most active gold contract for April delivery rose 8.50 U.S. dollars, or 0.42 percent, to close at 2,044.60 dollars per ounce.

Escalating tensions in the Middle East further boosted gold's safe-haven appeal.

Investors are waiting for cues on