Gold rebounds 0.6% after Tuesday’s 5% slide as traders await U.S. inflation data

Gold prices rose about **0.6%** to USD 4,146.47/oz on Wednesday, rebounding after a sharp 5% drop in the previous session. The bounce is driven by a weaker dollar and bargain-hunting amid expectations around upcoming U.S. inflation data, which will heavily influence the Federal Reserve’s next move. The rebound comes as platinum and other precious metals also gained modestly, while traders remain cautious ahead of key macro-data releases.