Gold futures snapped a three-day losing streak and settled higher on Monday, as a sell-off in global stock markets amid worries about the potential collapse of leading Chinese property developer Evergrande prompted traders to seek the safe-haven commodity.
A slightly positive dollar limited gold's uptick. The dollar found some support with traders eyeing the Federal Reserve's monetary policy announcement, due on Wednesday. The Fed is widely expected to leave monetary policy unchanged but could address the outlook for its asset purchase program.
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.