Gold futures settled notably higher on Tuesday, bouncing back after posting losses in the previous two sessions.
Reports that a probe into tax fraud and money laundering found some major French banks suspect of dividend stripping raised concerns about the banking sector and prompted investors to seek the safe-haven yellow metal.
A weak dollar contributed to the uptick in gold prices. The dollar index dropped to 102.41, losing about 0.42%.
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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.