Ambiguous data was published by the US statistical offices on Thursday.


According to the Labour Department in May the US CPI index declined by 0.3% to 1.7% annually. Thus the inflation rate plunged at the highest tempo for the last 3.5 years. The analysts were predicting the reading to lower only by 0.2%.


A stronger deepening of inflation rate appeared  favourable for the American currency so as a result, gold fell considerably to the benchmark of 1,612.5 US dollars per troy ounce.


However, further statistical data evoked the gold price growth.


Thus the precious metal price was backed up by the increase of the trade balance deficit in the USA in the 1st quarter of the current year. The reading hit a three-year high of 137.3 billion US dollars.


The analysts expected slower decline.


Actually the forecasts of the US initial jobless claims for the last week was not confirmed as well, because the reading upticked by 6,000 and amounted to 386,000 claims.