Gold steady ahead of key US inflation data; silver near record highs

Gold prices were steady on Thursday, supported by dovish Federal Reserve signals but restrained by a resilient dollar ahead of key US inflation data this week, while silver hovered near record highs. Spot gold was down 0.1% at $4,334.70 an ounce, as of 0534 GMT, after rising more than 1% late on Wednesday. US gold futures also eased 0.2% to $4,365.40. The dollar index held on to earlier gains after touching a near one-week high on Wednesday, limiting upside in greenback-priced bullion. Spot silver rose 0.3% to $66.48 an ounce after hitting a record high of $66.88 in the previous session, and is up 130% so far this year, outpacing gold’s 65% gain on firm industrial demand, steady investment interest and tightening inventories.