Gold prices traded flat on Wednesday as investors looked forward to a critical US inflation print that could offer clues on the Federal Reserve’s interest rate-cut trajectory, Reuters said.

Spot gold held its ground at $2,357.35 per ounce, as of 0541 GMT, trading in a narrow $6 range, after gaining 1% on Tuesday.

Also, the US gold futures rose 0.1% to $2,362.80.

Spot silver fell 0.1% to $28.57 per ounce and palladium gained 1.3% to $990.06.

Platinum climbed 2.2% to $1,053.75, hitting a near one-year high.