By Kavya Guduru
Feb 9 (Reuters) – Gold eked out gains on Wednesday, helped by a weaker dollar and a retreat in U.S. Treasury yields, although prices moved in a tight range as investors refrained from making large bets ahead of U.S. inflation data.
Spot gold rose 0.5% to $1,834.25 per ounce by 13:42 EST (1842 GMT). U.S. gold futures settled up 0.5% at $1,836.60.
“Dollar is down a little bit and it seems somewhat supportive to gold, but overall the gold market is just kind of flat in anticipation of tomorrow’s CPI number,” said Daniel Pavilonis, senior market strategist at RJO Futures.
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