Gold futures recovered from early losses and settled slightly higher on Monday as the dollar retreated in the New York session after having climbed higher earlier.
Gold prices rallied as data showing drop in U.S. service sector activity weighed on dollar and pushed up the demand for the safe-haven yellow metal.
The dollar index, which surged to 104.40 dropped to 103.93 before edging up to 104.00, slightly down from the previous close.
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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.