Gold futures settled notably higher on Tuesday as the dollar extended its slide against most of its major counterparts.
Treasury yields dropped as well amid bets the U.S. Federal Reserve might cut rates later this year.
The dollar index dropped to 101.46 around mid morning, and was at 101.63 a little while ago, losing nearly 0.5%.
Gold futures for June ended higher by $37.80 or about 1.9% at $2,038.20 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.