02:00 PM EDT, 05/15/2025 (MT Newswires) -- (Updates prices.)

Gold traded higher mid-afternoon on Thursday as the dollar weakened following a report that showed U.S. wholesale price inflation slowed last month.

Gold for June delivery was last seen up US$37.20 to US$3,225.50 per ounce.

The U.S. Bureau of Labor Statistics reported the April Producer Price Index rose at a 2.4% annualized pace, down from 3.4% in March while meeting the FactSet consensus estimate. Excluding volatile food and energy prices, the index rose 3.1% last month, down from 4% a month earlier but over the FactSet consensus for a rise of 3.0%.

U.S. retail sales also slowed last month, rising 0.1% monthly, down from a rise of 1.7% in March and missing the consensus estimate for a rise of 0.15%.

The dollar moved lower following the data, with the ICE dollar index last seen down 0.12 points to 100.92. Treasury yields were sharply lower, with the U.S. two-year note last seen paying 3.978%, down 7.9 basis points, while the yield on the 10-year note was down 8.1 points to 4.457%.