Gold Trades in Tight Range Ahead of US Inflation Data.

Cairo: Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Bullion hit over one-week low on Tuesday. According to Bahrain News Agency, U.S. gold futures rose 0.6% to $2,635.80. Meanwhile, spot silver edged 0.1% lower to $30.39 per ounce, platinum remained flat at $927.45, and palladium decreased by 0.4% to $973.50.