Gold edged up on Tuesday in choppy trading amid strength in Asian equities and a drop in oil prices, although uncertainty over U.S. monetary policy kept investors cautious.

Crude futures slipped on Tuesday on a persistent global glut and the failure of a producer meeting at the weekend to rein in the ballooning oversupply, although a sharp drop in output in Kuwait due to an oil worker strike underpinned prices briefly.

Asian share markets rose to five-month highs on Tuesday, taking their cue from gains on Wall Street after the strike in Kuwait helped pull crude oil prices above their prior-session lows.

Spot gold was up nearly $1 at $1,232 an ounce by 0431 GMT, after earlier dropping as much as 0.3 percent.

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