gold futures fell thursday trading near a twomonth low as a firm us dollar continued to pressure the metal gold for june delivery gc00 gcm22 fell 710 or 04 to 184660 an ounce after bouncing off its lowest close since midfebruary in the previous session july silver sin22 fell 585 cents or 27 to 20995 an ounce the ice us dollar index dxy  a measure of the currency against a basket of six major rivals was up 04 trading near a 20year high a strong dollar is seen as a negative for commodities priced in the unit making them more expensive to users of other currencies the april consumer price index reading on wednesday suggested inflation may have peaked but still came in at a hotter than expected annual rate of 83 another high reading on inflation ahead of the fed’s next meeting in june could lead the central bank to consider a larger 75 basis point rate increase rather than the 50 basis point move that fed chairman jerome powell has said was on the table for the next two meetings said ricardo evangelista senior analyst at activtrades in a note “against such a backdrop any gold strength resulting from the precious metal’s role as safe haven and inflation hedge is likely to remain capped by the rampant us dollar” he said