Gold and silver are down…and attention turns to inflation data and the dollar.

YNP:

Gold prices fell today, Friday, amid dollar strength and after data showed a weaker-than-expected rise in inflation in the United States, reducing the precious metal’s appeal as a hedge against inflation.

Gold fell in spot trading by 0.3% to $4,319.07 an ounce by 0147 GMT. U.S. gold futures fell 0.4% to $4,346.70, according to Reuters.

Silver also fell 1% in spot trading, to $64.79 an ounce, after hitting its all-time high of $66.88 on Wednesday.