Gold futures settled modestly higher on Wednesday as the dollar drifted lower, extending losses from the previous session, as markets awaited the release of the minutes of the Federal Reserve's most recent policy meeting.
The dollar index dropped to 106.23, and despite recovering to 106.43, is down as much as 0.74% from the previous session.
Gold futures for December advanced by $5.70 or about 0.34% at $1,745.60 an ounce.
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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.