New Delhi, May 28 -- Gold and silver recovered from their early losses on Thursday, 28 May, after US inflation data showed a slower-than-estimated rise in April, strengthening expectations that the Federal Reserve may prefer to keep interest rates unchanged rather than pursue further monetary tightening.

Comex gold rebounded by $107 per ounce to the day's high of $4,502, while silver futures recovered $3.30 to touch an intraday high of $75.23. Earlier in the session, silver had slipped to its lowest level since 30 April, while gold fell to levels last seen on 27 March.

Data showed that the US personal consumption expenditure (PCE) price index rose 3.8% year-on-year in April. Every month, the PCE price index increased 0.4% in April after...