Gold futures settled modestly lower on Thursday as riskier assets such as equities moved up amid easing worries about the U.S. debt limit and data showing a bigger than expected drop in U.S. jobless claims last week.
However, a slightly weaker dollar limited gold's decline. The dollar index stayed below the unchanged line since trading commenced on Thursday. The index dropped to a low of 94.08 but subsequently rose to 94.28.
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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.