The price of gold was ticking higher in Asian trading Thursday after falling heavily in the previous session.
Gold for April delivery, the most actively traded contract, added $6.40 to $1,717.70 an ounce. Yesterday, gold suffered its biggest one-day loss in over six months, shedding over 4%. Gold prices dropped sharply with the dollar gaining strength after the U.S. Federal Reserve Chairman Ben Bernanke warned of lingering weakness in the jobs market, while downplaying the unexpected economic growth in the final quarter of 2011.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up from 1,284.61 tons to 1,293.68 tons, its highest level in 3-months.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.