Gold futures ended slightly higher on Thursday, rebounding strongly from the session's lows as data showing initial jobless claims held at their highest level since October 2021 in the week ended June 9th helped ease concerns about any aggressive monetary tightening.
Gold prices tumbled earlier in the session as bond yields rose and the dollar climbed after the Federal Reserve signaled that two more rate increases are on the way.
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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.