Gold prices moved up sharply on safe-haven appeal on Monday as rising geopolitical tensions between Russia and Ukraine triggered a sell-off in global equities, and the dollar strengthened against major currencies.
The dollar index climbed to 96.41, gaining about 0.35%.
Gold futures for April ended higher by $27.30 or about 1.5% at $1,869.40, the highest settlement in three months.
Silver futures for March ended up by $0.479 at $23.848 an ounce, while Copper futures settled at $4.5075 per pound, up $0.0015 from the previous close.
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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.