Gold futures settled slightly lower on Thursday, with traders assessing the likely impact of the Bank of England's intervention in the bond market and the tighter monetary policy stance of the central banks.
The dollar's retreat and a sell-off in equities markets helped limit the yellow metal's downside.
The dollar index, which rose to 113.79 in the Asian session, pared gains and subsequently slipped into negative territory to 112.10 by noon. It was last seen hovering around 112.30, down 0.27% from the previous close.
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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.