02:00 PM EDT, 07/15/2025 (MT Newswires) -- (Updates prices.)

Gold traded lower midafternoon on Tuesday along with the dollar after U.S consumer prices rose as expected in June.

Gold for August delivery was last seen down US$22.60 to US$3.336.50 per ounce.

The U.S. Bureau of Labor Statistics on Tuesday said the Consumer Price Index (CPI) rose at a 2.7% annualized pace last month, up from 2.4% in May but matching the consensus estimate for the measure according to Marketwatch.

Core CPI, excluding volatile fuel and energy, rose 0.2% month over month in June, up from a 0.1% rise in May but under the consensus estimate for a 0.3% rise.

The report is unlikely to sway expectations the Federal Reserve will keep U.S. interest rates unchanged at the July 30 end to the two-day meeting of its policy committee. The CME Fedwatch Tool shows a 97.4% probability the central bank will leave its target rate steady at a range of 4.25% to 4.5%.

The dollar rose following the data, with the ICE dollar index last seen up 0.6 points to 98.68. Treasury yields rose, with the U.S. two-year note last seen up 4.8 basis points to 3.967%, while the 10-year note was paying 4.49%, up 5.1 points.