On Wednesday, gold prices remained stable. Investors are eagerly awaiting U.S. inflation numbers that could provide insights into the Federal Reserve's interest rate reduction trajectory.

US gold futures rose 0.2% to $2,364.60. Spot gold held at $2,359.02 per ounce, at 0314 GMT, trading within a tight $5 range, after gaining 1% on Tuesday. According to Kyle Rodda, a financial market analyst at Capital.com., gold is dependent on data right now, “if the CPI starts to fall a bit, that will be positive for gold as it is in a fantastic position to capitalize on this momentum considering how resilient it is at this

Bullion is known to be a hedge against inflation, but rising interest rates are increasing the opportunity cost of holding unpaid gold. Spot silver fell 0.1% to $28.57 per ounce and palladium gained 1.5% to $992.84. Platinum rose 2.3% to $1,054.36, reaching its highest level in nearly a