Gold futures settled slightly higher on Friday, recovering well the day's lows.
Investors, awaiting the Federal Reserve's monetary policy meeting next week, largely made cautious moves, weighing the prospects for rate hikes.
Ahead of the meeting, CME Group's FedWatch Tool is indicating an 85.4% chance the Fed will raise rates by another 25 basis points.
The dollar index, which climbed to 102.17, dropped to 101.50 before edging up to 101.62, gaining about 0.11%.
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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.