The price of gold edged up in Asian trading Monday amid a steady U.S. dollar.
Gold for April delivery, the most actively traded contract, edged up $6.70 to $1,662.50 an ounce. Last week, gold shed over 3 percent to dip near a 2-month low after the Federal Reserve commented that inflation would remain subdued.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,293.27 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.