Bengaluru — Gold prices edged higher on Thursday as soft US inflation data raised expectations that the US Federal Reserve would pause rate hikes in 2019, while investors were looking for developments in trade talks between Washington and Beijing. Spot gold was up 0.2% at $1,308.39 per ounce, as of 2.56am GMT. US gold futures were down 0.3% at $1,311. US consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than one-and-a-half years, which could allow the US Federal Reserve to hold interest rates steady for a while. "If you look more broadly, the Fed is unlikely to raise rates in an environment where inflation is still low," said Ilya Spivak, a senior currency strategist at DailyFX. There is a dense layer of technical support for gold around $1,294-$1,307, he added. Gold prices touched a more than one-week high of $1,318.12 on Wednesday, but pared gains in the late session on the dollar's strength. The doll...

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