Gold prices surge on subdued U.S. inflation figures.

Gold and silver prices have slightly increased in early US trading following the release of a key US inflation report that was less hot than expected. The US personal consumption and expenditures data showed a PCE price index rise of 5.0%, YoY, versus the January reading of up 5.4% annually. The US dollar index is higher, and the benchmark 10-year US Treasury note yield is presently fetching 3.564%. Gold bulls had their best trading month since July of 2020, and technically, the gold futures bulls have the firm overall near-term technical advantage.