Snapping its four-day losing streak, gold moved up Tuesday morning after the U.S. dollar eased from its 8-month high versus the euro.
The euro strengthened snapping four days of declines, on speculation Greece will get aid from European nations to tackle its swelling budget deficit. The speculation increased after EU leaders announced plan to hold a special summit on the economy on Thursday in Brussels.
April gold was up $12.5 to $1,078.20 an ounce. Last week the contract fell over 5% as the U.S. dollar surged, particularly strengthening against the euro.
Meanwhile, the greenback was marginally easing versus the euro, the British pound and the Canadian dollar.
Silver and platinum were also edging up in morning deals.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.