The price of gold was little changed Monday morning as traders await cues from this week's economic data.
Gold for August delivery, the most actively traded contract, edged up $1.10 to $1,592.50 an ounce. Last week, gold shed nearly 2 percent after indications from the Federal Reserve that it may intervene if financial conditions worsen, although without any clarity in the issue. The precious metal earlier found support on a surprise rate cut by China.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,274.79 tons.
This morning, the U.S. dollar was leveling off from its two-year high versus the euro and trading flat against sterling. The buck was ticking higher versus the Swiss franc, while trading lower against the yen.
Elsewhere, the prices of silver and platinum were moving higher in morning deals.
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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.