Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.

Spot gold was flat at $2,319.95 per ounce. US gold futures held their ground at $2,331.30.

The dollar rose 0.1% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year yields also edged higher.

Spot silver rose 0.1% to $28.94, platinum climbed 0.8% to $989.70, while palladium lost 0.5% to $943.49.

Source: Qatar News Agency