Gold fell to a 5-1/2-month low on Thursday, giving up earlier gains as data showed the biggest increase in U.S. consumer prices in six months while jobless claims fell to a 43-year low, painting an upbeat picture of the U.S. economy. The dollar index tapped a 13-1/2-year high as Fed Chair Janet Yellen told lawmakers that the U.S. central bank could lift borrowing costs "relatively soon", weighing on gold. On chart, gold remained weak, failing to break away from recent trading range with support at around $1,200. But it may bottom up if the dollar’s strength eased as investors started wonder whether its recent rally is overdone.
Silver fell on Thursday in a sharper pace compared with gold. It was kept under $17. In the oming sessions, its downward momentum will be further released.

 
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