Gold futures settled sharply higher on Tuesday as the dollar shed ground against some of its major counterparts as the Federal Reserve's monetary policy meeting got underway.
The Fed is widely expected to raise interest rates by 25 basis points. The accompanying statement and Fed Chair Jerome Powell's post meeting press conference will be in focus for more clues on the central bank's future interest rate moves.
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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.