August gold futures were last up $2.30 at $1,866.90 and July Comex silver was last down $0.264 at $27.78 an ounce.
The May producer price index is another important data point out on a very busy report day today, and is expected to come in at up 0.5% from April.
monetary policy, focus will be on the Fed’s tenor on inflation prospects and when the central bank will start to taper its very easy money policies.
Other U.S.
First support is seen at the overnight low of $1,860.10 and then at this week’s low of $1,845.70.
Silver bulls’ next upside price objective is closing July futures prices above solid technical resistance at the May high of $28.90 an ounce.