Gold futures drifted lower on Friday, extending losses to a fourth straight session, weighed down by rising U.S. Treasury yields.
The yield on 10-year Treasury note dropped a bit today after hitting a 52-week high on Thursday, it still remained a major factor that contributed to the waning demand for the safe-haven metal.
Stronger-than-expected U.S. economic data released overnight also added to the fears that the Fed could withdraw stimulus sooner than anticipated.
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Market Analysis
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.