The US dollar fell sharply after the latest US CPI data showed inflation easing by more than forecast. US stocks and gold are rallying into the US open.

The market is again very close to $2,400/ounce and, while fundamental support is solid, may be due a breather.

The UK economy expanded by 0.4% in May, after flatlining in April, and by a robust 0.9% in the three months to May compared with the three months to February.