Ahead of the New York day, spot gold was up $1.50, or 0.1%, at $1,517.600 a troy ounce. Silver reversed earlier gains and was down 21 cents, or 0.5%, at $38.24 an ounce.
The market's reaction to slightly higher-than-expected Chinese inflation data has been quite muted, despite the use of precious metals as an inflation hedge. China's April consumer price index rose 5.3% from a year earlier, below March's 5.4% gain, but marginally above the 5.2% median forecast of a Dow Jones Newswires poll of analysts.
"While the data highlights inflation problems in the region and is feeding into gold sentiment, it didn't tell the market anything it didn't already know," said RBS analyst Daniel Major.
In other metals, spot platinum fell $3, or 0.2%, to $1,790 an ounce, while spot palladium was off $2, or 0.3%, at $724 an ounce. Read Where will gold prices finish in 2011...
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