Gold was steady on Wednesday, supported by a slight pullback in the dollar and U.S. Treasury yields. As investors awaited U.S. inflation data to gauge the Federal Reserve’s path on policy normalization. Spot gold rose 0.1% to $1,762.00 an ounce by 0654 GMT, while U.S. gold futures were up 0.2% at $1,762.50. The dollar index was down 0.2% after hitting a more than one-year high in the previous session. Benchmark U.S. 10-year Treasury yields eased from a more than four-month high on Tuesday. “We’ve got the U.S. CPI data and the key minutes from the September FOMC meeting. So I think there’s still some capacity there for gold to get a catalyst after this consolidation period,” said DailyFX currency strategist Ilya Spivax. "If CPI comes in hotter, then we could see expectations that the Fed needs to move faster in raising rates." US consumer price inflation data is due at 1230 GMT, while the minutes for the Fed's Sept. 21-22 meeting are due at 1800 GMT. Three Fed policymakers said on Tuesday that the economy has recovered enough for the central bank to start withdrawing support at a critical time. To strengthen expectations, the Fed will start tapering next month. Meanwhile, currency markets are expecting an aggressive rate hike as inflation pressures rise globally. Reductions in central bank stimulus and higher interest rates tend to push up government bond yields, which translates into a higher opportunity cost for gold not to pay interest. There is also increasing risk aversion ahead of the US earnings season, Jeffrey Halley, senior analyst for Asia Pacific at OANDA, said in a note. The threat of a Fed taper should cap gold's rally and the bias remains to the downside in the coming weeks, Halley said. Spot silver rose 0.6% to $22.67 an ounce, platinum fell 0.1% to $1,006.70 and palladium rose 0.2% to $2,048.62. This news story is based on U.S. consumer price inflation data due at 1230 GMT, and the dollar retreated from a more than one-year high (updates prices)