The price of gold was extending gains for a second session Monday morning amid a steady U.S. dollar.
Gold for June delivery, the most actively traded contract, added $10.80 to $1,640.90 an ounce. Last week, gold lost nearly 3 percent after Federal Reserve policymakers said that the U.S. economy is gradually improving and appear less inclined to implement any more monetary stimulus.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,286.62 tons.
This morning, the U.S. dollar was hovering near its 3-week high versus the euro and the Swiss franc, while trading a 2-week high against sterling. The buck continued to tick lower versus the yen.
Elsewhere, the price of silver was ticking lower, while platinum was moving higher in morning deals.
For comments and feedback contact: editorial@rttnews.com
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.