The price of gold was steady near its seven-week high in Asian trading Monday amid a steady U.S. dollar.
Gold for April delivery, the most actively traded contract, edged down $2.40 to $1,733.00 an ounce. Last week, gold advanced over 4 percent to settle above the $1,700-mark for the first time in seven weeks as the U.S dollar remained weak following the the Federal Reserve's pledge to keep interest rates low at near zero through late 2014.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,271.09 tons from 1,261.10 tons.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.