Gold prices edged lower on Wednesday and pushed the most active gold futures contracts to a weak close as rising Treasury yields weighed on the commodity.
However, after settling lower for the session, gold futures edged up a bit in electronic trading after the Federal Reserve left its policy rates unchanged and said it is unlikely to hike rates until 2023.
The dollar index, which was staying above the flat line since the morning, fell after the Federal Reserve left rates unchanged and said a hike is unlikely until after 2023. The dollar index was down 0.25% at 91.64 a little while ago.
For comments and feedback contact: editorial@rttnews.com
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.