Gold futures settled lower on Thursday, extending losses to a third straight session as demand for the safe-haven commodity dropped due to a firm dollar and some buoyant economic data.
Minutes from the Federal Reserve's July meeting that suggested the central bank will likely start tapering its bond buying program later this year also contributed to the yellow metal's decline.
The dollar index climbed to 93.53, gaining more than 0.4%.
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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.