Dollar and Treasury yields fell after the US Labor Department reported that the consumer price index rose 0.4% last month, in line with expectations.
But core inflation remained strong. In the 12 months to April, core CPI rose 5.5% year-on-year after rising 5.6% in March.
Gold in instant trades rose 0.1% to $2035.69 an ounce at 1410 GMT. Although there was no significant change in US gold futures at $2042.70 an ounce.
Although gold is considered an inflation hedge, its appeal wanes in the face of high interest rates because it does not generate a return.
Some analysts have said gold could try again for record highs given continued economic concerns, including concerns over US defaults, as talks continue on raising the price. debt ceiling.
As for other precious metals, silver saw little change, hitting $25.62 an ounce, and platinum rose 0.3% to $1,107.94, and palladium rose 3.1%. %, at $1,618.26.
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