June gold futures were last up $2.60 at $1,838.70 and July Comex silver was last down $0.082 at $27.58 an ounce.
The gold and silver markets prices blipped down a bit but then quickly recovered to trade just slightly lower.
Ironically, the metals markets one again have seen a bearish initial reaction to hotter inflation data, as traders focused on the tighter monetary policy implications of higher consumer prices and higher interest rates.
These low inflation numbers point to lame price rises over the next two years, which contradict some of the recent indications that price inflation is heating up much more rapidly.
Colonial pipeline system that has been shut down due to a cyberattack is set to reopen temporarily.
Technically, June gold futures bulls have the firm overall near-term technical advantage amid a six-week-old price uptrend in place on the daily bar chart.
The silver bulls have the firm overall near-term technical advantage amid a six-week-old price uptrend in place on the daily bar chart.