* Spot gold was up 0.1% at $2,017.19 per ounce, as of 0105 GMT. U.S. gold futures rose 0.4% to $2,032.50.
* The dollar index was 0.1% lower, making bullion cheaper for buyers holding other currencies.
* Gold prices jumped more than 1% on Wednesday after data showed the U.S. Consumer Price Index rose 0.1% last month versus expectations of a 0.2% rise, after advancing 0.4% in February.
* The CME FedWatch tool shows markets pricing in a 70.4% chance of a 25 basis-point hike in May but with rate cuts seen in the back half of the year.
* Gold is considered an inflation hedge, but rising interest rates reduce the appeal of non-yielding bullion. * San Francisco Fed Bank President Mary Daly said on Wednesday while the Fed had “more work to do” on rate hikes, tighter credit conditions could argue for a pause.
* Richmond Fed President Thomas Barkin said the Fed had more work to do in bringing inflation down to its 2% target because the latest data on price pressures was not sufficiently weak.
* Minutes from the Fed’s March meeting showed several policymakers considered pausing rate increases after a forecast from Fed staff that banking sector stress would tip the economy into recession, but concluded that high inflation remained the priority.
* Spot silver was up 0.1% at $25.51 per ounce, platinum added 0.2% at $1,017.30 and palladium rose 0.5% to $1,466.82.