Gold prices dipped as the U.S. Producer Price Index (PPI) rose 1.1% in May, exceeding economist expectations of a 0.7% increase. U.S. wholesale prices posted their largest back-to-back increases since 2022, pushing the annual PPI to 6.5%. This annual figure surpassed the 6.4% growth forecasted by experts, highlighting stronger-than-anticipated inflationary trends in the production sector.
