August gold futures were last down $5.40 at $1,889.80 and July Comex silver was last up $0.194 at $28.22 an ounce.
stock indexes are pointed toward higher openings when the New York day session begins and at or near record highs.
consumer price index on Thursday showing the biggest surge in inflation in 13 years—up 5.0% in May, year-on-year.
China will offer copper, aluminum, zinc and other commodities directly to end-users in order to curb the rally in commodity prices, according to a Bloomberg report.
Technically, August gold futures bulls have the firm overall near-term technical advantage amid a nine-week-old price uptrend in place on the daily bar chart.
The silver bulls have the overall near-term technical advantage and are working to restart a two-month-old price uptrend on the daily bar.