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Spot Gold Falls to $4,062/oz as U.S. May PPI Rises 1.1%, Beating Forecast

2026-06-11 20:29:46

According to Kitco News, U.S. headline Producer Price Index rose 1.1% in May, exceeding economists' 0.7% forecast, while annual inflation reached 6.5%. Core PPI, excluding volatile food and energy, increased 0.4%, below the 0.5% consensus, with annual core PPI at 4.9%. The U.S. Labor Department released the data Thursday at 8:30 am ET. Spot gold immediately declined to $4,062.04, down 0.24% on the day, as the stronger-than-expected headline reading signaled continued price pressures from producers.

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U.S. PPI Rises to 6.5% in May, Beats 6.4% Forecast

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