Gold inches higher as US Treasury yields ease

Gold prices rose slightly on Wednesday as US Treasury yields eased from their recent highs, reducing the metal's opportunity cost, while investors looked ahead to key inflation data that could settle the course of interest rates.

Spot gold rose 0.1 percent to $1,785.48 per ounce. Benchmark 10-year and 30-year US Treasury yields pulled back from their one-week highs hit on Tuesday.