Spot gold fell 0.5% to $4,637.24 an ounce on Wednesday, remaining near a three-month high and putting bullion on track to snap a multi-session winning streak after a weekly advance of more than 7%. Softer oil prices and a roughly 5-to-7-basis-point drop in US Treasury yields eased inflation concerns, while Iran and Oman discussed a temporary joint maritime corridor that could allow some shipping through the Strait of Hormuz to resume. Gold futures were little changed at $4,694.04, silver slipped 0.2% to $68.48, platinum fell 0.2% to $1,859.14 and the US dollar index was steady near 98.90. The move left intact support from the so-called debasement trade after the US Treasury’s expanded long-dated bond buybacks and ongoing fiscal-deficit concerns. Boston Fed President Susan Collins said she supports keeping rates unchanged for now if inflation continues progressing toward the 2% target. Investors are focused on Wednesday’s US personal consumption expenditures data and Federal Reserve Chair Kevin Warsh’s first major speech at the Jackson Hole symposium on Friday for clearer signals on the policy outlook.