Gold edged higher after three days of declines, boosted by a slight fall in Treasury yields ahead of a likely pause in the Federal Reserve's aggressive monetary-tightening cycle.

Data on Tuesday showed US inflation slowing to the weakest pace since March 2021, solidifying bets the Fed will keep interest rates steady later Wednesday. Swaps traders still see a high chance of at least one more hike later in 2023.

Gold remains within a range around $1,950 that's held for most of the month as investors await decisive new drivers. Official statistics have continued to paint a mixed picture of the economy, making the outlook for monetary policy uncertain.

Spot gold was 0.7% higher at $1,956.92 an ounce as of 1:57 p.m. in London, after closing 0.7% lower in the previous session. The Bloomberg Dollar Spot Index weakened 0.3%. Silver and palladium rose, while platinum edged lower. 

Source : Bloomberg