The gold market seemed to come alive this morning in the wake of commentary from the Fed's Lacker who suggested that the US economy was improving distinctly and that bond purchases needed to be re-evaluated. In other words, there are Fed members who are concerned about inflation and that seemed to give gold and silver the first true inflation lift since early January. Surprisingly the inflation buzz wasn't moderated by suggestions from Lacker, that the impact of rising commodity prices on inflation were still unclear. Some traders suggested that rising Chinese interest rates were responsible for the rise in gold this morning but gold prices didn't begin to rise until 3 hours after the hike was announced.