Gold futures settled higher on Tuesday, moving up for the first time in three sessions, as demand for the safe-haven asset increased amid concerns about growth due to surging coronavirus cases.
A drop in long-term bond yields - benchmark 10-year Treasury yields hovered near five-month lows - too supported gold's rise. However, a slightly stronger dollar capped the yellow metal's uptick.
The dollar index climbed to 93.17 before paring some gains. It was last seen at 93.00, up 0.12% from Monday's 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.