09:13 AM EDT, 05/14/2026 (MT Newswires) -- Gold edged higher early Thursday as treasury yields eased after a report showed U.S. retail-sales growth slowed in April.

Gold for June delivery was last seen up $4.00 to US$4,710.70.

The U.S. Census Bureau reported retail sales roes by 0.5% last month, down from a revised 1.6% in March but matching expectations according to Marketwatch.

The report follows on day-prior data showing wholesale prices rose by the most in four years with oil prices surging amid the war on Iran, raising concerns the Federal Reserve will need to raise interest rates to slow inflation caused by higher oil prices.

The threat of higher interest rates has kept gold rangebound, with the metal trading in a tight range for the past six weeks.

Treasury yields fell following the sales data, bullish for gold since it pays no interest. The yield on the U.S. two-year note was last seen down 2.3 basis points to 3.969%, while the 10-year note was paying 4.443%, down 2.6 points. The dollar edged higher, with the ICE dollar index last seen up 0.5 points to 98.58.