Gold futures settled higher on Friday as the dollar slipped on bets the Federal Reserve will soon end its interest rate hiking cycle after data showed U.S. non-farm payroll employment increased by less than expected in the month of July.
The dollar index dropped to a low of 101.74 around noon, and despite recovering to 101.88, is nearly 0.6% down from the previous close.
Gold futures for December ended higher by $7.30 at $1,976.10 an ounce.
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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.