Prices of the yellow metal declined on Friday amidst the Dollar's strength.
The Dollar Index (DXY), a measure of the Dollar's relative strength against a basket of six currencies increased 0.06 percent overnight to 103.40 The day's range was between a low of 103.29 and a high of 103.57. The Dollar's strength dampened the sentiment for the yellow metal.
The Dollar remained firm amidst a safe haven demand triggered by the weak inflation readings from China and fears of a recession.
For comments and feedback contact: editorial@rttnews.com
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.