Gold prices climbed higher on Monday as the dollar stayed somewhat weak with traders weighing recent economic data and assessing the Federal Reserve's likely stance on policy tightening.
Traders also await the data on U.S. consumer price inflation, due later in the week.
The Dollar remained weak as the Fed's hints of a pause and jobs data that implied a resilient U.S. labor market triggered uncertainty over the future course of monetary policy in the U.S.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.