Gold futures snapped a four-session winning streak and ended lower on Thursday as the dollar climbed higher against other major currencies.
The dollar firmed, riding on hawkish Fed minutes that suggested the central bank will hold rates at higher levels and data showing a bigger than expected jump in U.S. private sector employment in the month of December.
The dollar index surged to 105.27 in late morning trades, and despite easing to 104.99, was firmly placed in positive territory with a gain of over 0.7%.
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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.