Gold futures settled lower on Wednesday, edging down for a second straight day as equity markets gained and the dollar stayed above the flat line for much of the day's session, continuing to benefit from the Fed Chair's comments about monetary policy stance.
Higher U.S. Treasury bond yields continued to put pressure on gold prices.
The dollar index, which advanced to 90.43 by mid morning, later dropped to 90.20, up just marginally from the previous close.
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Market Analysis
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.