Gold prices held steady on Thursday, with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve's interest rate path.
Spot gold was nearly unchanged at $2,372.99 per ounce, as of 0042 GMT. US gold futures were flat at $2,378.40.
Earlier, Fed Chair Jerome Powell said on Wednesday that the US central bank would make interest rate decisions "when and as" they were needed. On Tuesday, he told House members that "more good data" would build the case for a rate cut.
Non-yielding gold's appeal tends to shine in a low interest rate environment.
Markets currently see around 73% odds for a rate cut by September, with a second reduction also seen likely by December, according to the CME Group's FedWatch Tool, Reuters reported.
Traders are waiting for the June Consumer Price Index (CPI) report due at 1230 GMT and the Producer Price Index (PPI) report due on Friday.
Also, spot silver rose 0.2% to $30.87 per ounce, platinum ticked up 0.5% to $994.10 and palladium gained 0.4% to $989.93.
