After turning lower over the course of the previous session, the price of gold moved back to the upside during trading on Wednesday.
Gold for February delivery climbed $7.80 or 0.4 percent to $1,784.30 an ounce after sliding $8.70 or 0.5 percent to $1,776.50 an ounce on Tuesday.
The rebound by the price of gold came even though the value of the U.S. dollar has shown a lack of direction over the course of the day. Currently, the U.S. dollar index is nearly unchanged.
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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.