Spot gold was up 0.1% at $ 1,899.28 an ounce at 12:59 am GMT. Prices have risen 0.5% so far this week.
US gold futures rose 0.3% to $ 1,901.20 an ounce.
The dollar index fell to trade at 90.057 after peaking nearly a week in the previous session.
Benchmark 10-year US Treasury yields fell to a three-month low, reducing the opportunity cost of holding non-interest-bearing bullion.
Data showed that consumer prices in the United States rose sharply in May, leading to the largest annual increase in almost 13 years, while weekly jobless claims fell to their lowest level in nearly 15 years. month last week.
The European Central Bank raised its growth and inflation projections on Thursday, but pledged a steady stream of stimulus over the summer, fearing that a pullback now could accelerate a worrying rise in borrowing costs and does not stifle the recovery.
Investors are not panicking over a spike in US inflation over the past two months, showing they are confident the Fed is skillfully managing a rebound in economic growth.
The US central bank is expected to announce in August or September a strategy to cut its massive bond-buying program, but will not start cutting monthly purchases until early next year, according to a Reuters poll.
Silver was flat at $ 27.96 an ounce, palladium slipped 0.5% to $ 2,763.87, while
edged down 0.1% to $ 1,150.31.