Gold prices edged lower on Friday as the dollar climbed after data showing a bigger than expected increase in U.S. producer prices in the month of July raised concerns the Federal Reserve will keep interest rates higher for a longer duration.
The dollar index climbed to 102.91, gaining nearly 0.4%.
Gold futures for December ended down $2.30 at $1,946.60 an ounce.
Silver futures for September ended lower by $0.078 at $22.743 an ounce, while Copper futures for September settled at $3.7190 per pound, down $0.0460 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.