Gold prices drifted lower on Tuesday, after moving higher in the previous two sessions, as riskier assets such as equities climbed up amid reports several countries across the world have eased lockdown restrictions.
The dollar held in positive territory, although its movements were somewhat choppy. The dollar index rose to 99.97 before it pared gains and very nearly slipped into the red. It recovered subsequently and was last seen at 99.68, up by about 0.2%.
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Forex News
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.