Gold futures recorded small gains on Wednesday, as the U.S. dollar stabilized and yields recovered for sovereign debt, one of the most influential headlines for bullion, helping to take the field- lying higher for bullion. GCJ21 April Gold,
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it closed up $ 4.90, or 0.3%, to settle at $ 1,721,80 an ounce. The win marks the second increase for the yellow metal that would mark the longest series of gains since three sessions ended on Feb. 22, FactSet data show. The move comes after the market dug a report on inflation. Reading about U.S. consumer prices seemed to put an immediate emphasis on precious metals, with assets that were seen as a risk gaining some momentum after the release of inflation data. U.S. CPI data for February showed inflation rising slightly, in line with expectations. Inflation rose 0.4% for the month, but with food and energy extracted, the gain was 0.1%. Mainline CPI rose up 1.7% from 1.4% year-over-year and the 12-month main increase decreased to 1.3% from 1.4%. Yield for the 10-year Finance benchmark note was 1.51% and the U.S. dollar remained relatively flat, as measured by the ICE U.S. DXY Dollar Index,