Gold prices marginally fell today on Wednesday as caution set in ahead of key U.S. inflation data that could influence the pace of Federal Reserve interest rate hikes.

Markets started the week on a buoyant note and gained over half a percent.

Gold traded with a positive tone but the gains are curbed by fears over big rate hikes by the Federal Reserve.

Markets remained range bound for yet another session and ended almost unchanged amid mixed cues.

Markets managed to end higher for the third successive week, mainly led by firm global cues.

Gold prices consolidated off a one-month peak ahead of US labor market data today, however, safe-haven inflows triggered by tensions over Taiwan and lower US yields kept bullion on course for a third straight weekly gain.

Markets witnessed erratic swings throughout the weekly expiry day and finally settled on a flat note.

Gold prices rose today as a pullback in the dollar and U.S. Treasury yields provided support ahead of a key US jobs report that could influence the Federal Reserve’s policy stance.

Markets consolidated further in a range and ended marginally in the green amid mixed cues. 

Gold prices are trading firm as the market prefers a cautious stance against the data lined up for the evening session.