Gold inched lower on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve's policy path.

Treasury yields slid to their lowest levels of the year Tuesday as a recent parade of softening data suggesting the US economy will require Federal Reserve interest-rate cuts this year.

The U.S. dollar rose on Wednesday to move further from recent 11-week lows, as U.S. Treasury yields stabilized as investors gauge the economic environment and tariffs outlook. The greenback stumbled on Tuesday as economic data showed a sharp drop in consumer confidence,