Gold prices traded higher on Monday as weak PMI data coming out of Europe and the U.S. raised concerns about a deep downturn in major economies.
Spot gold rose 0.4 percent to $1,929.86 per ounce, while U.S. gold futures were up half a percent at $1,939.50.
The dollar was subdued as investors awaited more clues on the Federal Reserve's upcoming moves in July.
On Friday, Atlanta Fed chief Raphael Bostic said he supports holding the central bank's target-rate level for the rest of the year.
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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.