The price of gold edged down Tuesday morning amid an improving U.S. dollar.
Gold for December delivery, the most actively traded contract, was down $2.60 to $1,248.50 an ounce. Last week, gold was mostly steady around $1,250 an ounce amid a mixed batch of economic data.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, edged down to 1,294.44 tons from 1,294.91 tons.
Meanwhile, the U.S. dollar was bouncing back from its 2-week low versus the euro and continued to gain against sterling for a second day. The euro weakened after an industry group said that Germany's 10 largest banks, including Deutsche Bank AG, may have to raise as much as $134 billion in order to meet the new capital regulations. The buck continued to linger near its 15-year low against the yen.
Elsewhere, the prices of silver and platinum ticked lower in morning deals.
With a light economic calendar, traders will look to the movements in equities and currency markets to get clues.
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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.