The price of gold moved back above the $1,100-mark to hit a two-week high Tuesday morning. A weaker dollar helped lift investor sentiment.
April gold was up $25.40 to $1,115.30 an ounce. Gold has gained over 6% from its three-month low of $1,044 hit on February 5.
Meanwhile, the greenback was edging lower against the euro, the British pound and the yen. The euro halted its four-day losing streak against the U.S. dollar on optimism that the European Union likely to take a tougher stance on the Greece situation.
Silver and platinum were also edging up in morning deals.
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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.