Gold prices climb on mixed US inflation data.

Gold and silver prices surge after the US inflation report for March came in slightly lower than market expectations, indicating a downward trajectory on consumer inflation and supporting the US monetary policy doves. The US dollar index sold off sharply, while US Treasury yields dropped and stock indexes rallied. The gold market bulls are eyeing pushing prices to a new record high, while the silver bulls have the solid overall near-term technical advantage. The minutes of the last FOMC meeting are also due out this afternoon.