Gold prices firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while market participants awaited U.S. inflation data for clues on the Federal Reserve's interest rate strategy. Spot gold gained 0.

Gold has demonstrated remarkable resilience in the face of a surging U.S. dollar and rising Treasury yields. The surge in the dollar and Treasury yields has been driven by rapidly rising inflation expectations as well as growing concerns about the U.

Gold prices surged to a one-month peak on Thursday, nearing $2,700 per ounce, as softer U.S. inflation data fueled hopes of lower interest rates in 2025. Spot gold rose to $2,697.45 an ounce, while February gold

Gold prices dipped on Monday as the U.S. dollar soared to an over two-year high after a robust jobs report last week cemented expectations the Federal Reserve will proceed with caution with cutting interest rates this year.