Gold prices inched higher on Wednesday, with investors awaiting US economic data that could influence the Federal Reserves rate-cut timeline.Spot gold was up 0.3% at $2,416.62 per ounce, and US gold futures gained 0.4% to $2,417.10.As for other precious metals, spot silver rose 0.2% to $29.28 per ounce, platinum firmed 0.3% to $945.73, and palladium steadied at $925.64.Source: Qatar News Agency