(Reuters) - Gold prices edged higher on Wednesday, steered by speculative buying and a pause in the dollar's rally, even as inflation data showed slower progress on easing price pressures, indicating fewer rate cuts into next year. Spot gold rose 0.2% to $ ...

Gold prices rose on bargain buying on Wednesday after the metal dropped to its lowest in nearly two months in the previous session and as the dollar paused ahead of upcoming U.S. inflation data and remarks from Federal Reserve officials.

USD/US/ "I think this is just a corrective move in a longer-term bullish market. The policies right now are thought to be pretty inflationary. So if we see another wave of inflation coming, then that should drive gold higher," said Daniel Pavilonis ...

In India, gold prices held steady. The cost of 24-carat gold stood at ₹7,893.3 per gram, while 22-carat gold was priced at ₹7,237.3 per gram.

Gold futures dropped Monday, with strength in the U.S. dollar contributing to the metal’s fall to its lowest price in more than four weeks following Donald Trump’s victory last week in the U.S. presidential election.