Gold futures settled lower on Tuesday, after spending almost the entire session in negative territory as global equities rallied after Britain's new finance minister announced a comprehensive retreat on the U.K. government's tax-and-spending plans on Monday in a bid to calm jittery markets and restore the government's credibility.
The dollar index, which climbed to 112.46 in the Asian session, dropped to 111.77 around mid morning before surging above the flat line. It was last seen at 112.13, up marginally 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.