Gold prices inched up on Wednesday, but remained near four-week lows hit in the previous session as expectations for a U.S. rate hike in March gathered momentum. Federal Reserve Chair Janet Yellen last week said the central bank was poised to lift benchmark U.S. rates provided jobs and inflation data held up, comments seen as cementing plans for an increase at the Fed's March 14-15 meeting. Investors are now awaiting non-farm payrolls data for February on Friday as a key barometer of the U.S. economy.

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