Ahead of crucial US inflation data expected this week, gold prices remained subdued on Wednesday.

Spot gold remained stable at $2,319.95 per ounce, starting at 0337 GMT. US gold futures held steady at $2,331.30. U.S. gross domestic product estimates for the first quarter are expected on Thursday, and the Personal Consumer Expenditure (PCE) Price Index on Friday

Tim Waterer, chief market analyst at KCM Trade noted in a note that “the declines in the gold price remain relatively superficial thanks to buyers withdrawing from the downward price race.” Cash rose 0.1% to $28.94, platinum rose 0.8% to $989.70, while palladium lost 0.5% to $943.49