Gold futures failed to hold early gains and settled flat on Friday as the dollar climbed higher after data showed a bigger than expected improvement in U.S. consumer sentiment and a drop in inflation expectations.
The dollar index, which fell after exhibiting strength in the Asian session, recovered and climbed to 102.43 around noon, before easing a bit to 102.30, still up nearly 0.2% 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.