Gold prices edged higher on Wednesday as a weaker dollar and bargain hunting lifted demand following a sharp fall in the previous session. Investors are now watching US inflation data closely for hints on the Federal Reserve’s next move on interest rates. Spot gold rose 0.6% to $4,146.47 per ounce at 0636 GMT, recovering some ground after tumbling more than 5% on Tuesday, according to Reuters. Gold and silver had fallen earlier in the day, extending the previous day’s losses. The yellow metal fell 6.3%, recording its biggest intraday decline in over 12 years. Silver also dipped more than 2%. The drop in these precious metals came as investors rushed to lock in their profits, taking their rapid gains. Concerns are also growing that the rallies have entered the bubble territory, Bl

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