Gold futures settled notably lower on Thursday as the dollar rebounded and scored gains over other major currencies, thanks to upbeat economic data.
The dollar index, which was down at 100.55 in the Asian session, rallied to 101.84 before paring some gains. Still, at 101.60, the index remains firm with a gain of over 0.7%.
Gold futures for August ended lower by $24.40 at $1,945.70 an ounce.
Silver futures for September ended down $0.603 at $24.367 an ounce, while Copper futures for September settled at $3.8755 per pound, down $0.0255 from the previous close.
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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.