Gold futures settled lower on Thursday, snapping a five-day winning streak, as a firm dollar weighed on the commodity.
The dollar index, which climbed to 100.76, pared some gains subsequently and was hovering around 100.40 a little while ago, recording a gain of about 0.53%.
The dollar was weak during the Asian session as U.S. Treasury yields dropped amid signals that inflation may have peaked.
The European Central Bank today left its policy rates unchanged and reaffirmed that it is set to end asset purchases in the third quarter.
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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.