Producer prices in the United States rose faster than expected in February, signaling persistent inflationary pressures that analysts warn could intensify further amid escalating geopolitical tensions in the Middle East.

Producer prices in Germany declined 1.8% year-on-year in October, the federal statistical authority Destatis informed on Thursday.

U.S. producer prices fell 0.1% in August, defying expectations of continued growth, according to the Labor Department.

Gold prices ticked up on Thursday as traders looked ahead to U.S. economic data, which could provide additional clues about a potential interest rate cut by the Federal Reserve next week, News.Az reports.