The bull camp might have dodged a bullet with the CPI readings this morning, as the headline readings didn't necessarily come in strong enough to boost the Dollar and in turn apply currency market pressure to gold prices again. However, there were apparently enough inflation angles within the CPI report to keep the Press trumpeting inflation fears and in the long run that could eventually serve to support gold prices. In the near term, the ebb and flow of the Dollar action and the weakness in oil prices might leave the bear camp with a slight edge. With June gold prices hitting their highest levels early in the session and managing to reach down to the $866 level just ahead of mid session, the bear camp seems to have come through the scheduled number flow with its early control intact.