* BOJ warns of risks to recovery prospects at April meeting (Recasts, updates prices)
May 11 (Reuters) - Gold prices inched lower on Tuesday as a rebound in dollar dented the metal’s appeal, while investors awaited U.S. consumer price data to measure whether inflationary pressure was building.
Spot gold was down 0.1% at $1,833.00 per ounce by 0721 GMT, after hitting its highest since Feb. 11 at $1,845.06 on Monday.
U.S. gold futures fell 0.2% to $1,834.20 per ounce.
“Although gold extended higher earlier today, it’s struggling to continue building momentum and part of that is concern about inflation … it isn’t a given that those job numbers mean that the Fed won’t act,” DailyFX currency strategist Ilya Spivak said.