- Gold prices rose in Asian trading on Wednesday, recovering some of the recent losses, as the dollar’s rally, which followed Donald Trump's election victory, paused ahead of inflation data that is expected to impact interest rates.

- The yellow metal has been suffering from a sharp decline from its recent highs over the past few weeks, as Trump’s election win fueled optimism in global financial markets. The recent losses saw spot gold hit a two-month low on Tuesday.

- Spot gold rose by 0.5% to $2,609.90 an ounce, while December gold futures fell by 0.4% to $2,615.70 an ounce.

- Gold regained some of its gains, with attention now shifting to the upcoming consumer price index data for further clues on interest rates.

- The reading is expected to show that inflation continued to rise in October, which could negatively affect bets on the continued monetary easing by the Federal Reserve.

- The U.S. Federal Reserve cut interest rates by 75 basis points over the past two months, and it is expected to reduce rates by 25 basis points in December.

- Several Federal Reserve officials are scheduled to speak this week, with the most notable being Federal Reserve Chairman Jerome Powell on Thursday.

- Trump’s election victory added uncertainty to the inflation outlook. The president-elect is widely expected to adopt more expansionary policies during his second term, which would increase inflation and interest rate expectations.

- On the other hand, platinum futures rose by 0.7% to $960.10 an ounce, while silver futures gained 1.1% to $31.108 an ounce.
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