Gold prices edged lower on Friday as the U.S. dollar moved back towards a recently-seen three-month high versus the euro. The metal gave back moderate early gains with the slide.
February-gold dropped to $1,103.10 per barrel, down $4.40 on the session. Earlier, the metal had reached as high as $1,111.60.
The buck rose as high as 1.4311 versus the euro after hitting as high as 1.4303 earlier in the week. The greenback also erased early losses versus the pound.
A rising dollar led to recent weakness for the precious metal. Gold for February plunged to $1,107.20, losing $28.80 on Thursday.
The Federal Reserve helped bolster the dollar on Wednesday when saying it would unwind emergency support measures as they expire and as the economy recovers from the worst recession since the Great Depression.
With no major economic news on the agenda, traders will look ahead to next week's holiday-abbreviated schedule. Gross domestic product data for the third quarter is due on Tuesday.
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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.