Gold prices hold steady amid US inflation concerns

Gold prices were flat on Wednesday, after falling the most in a month in the previous session, as US inflation raised concerns an interest rate cut by the Federal Reserve may be delayed beyond June, Reuters said.

Spot gold was little changed at $2,157.88 per ounce, as of 0438 GMT. US gold futures fell 0.1% to $2,163.20.

Spot platinum fell 0.1% to $923.45 per ounce, palladium dropped 0.5% to $1,036.44, and silver shed 0.3% to $24.08.