Gold prices moved sharply higher in early trading on Friday but gave back ground over the course of the session to close little changed.
After surging to a high of $1,980.20 an ounce, gold for December delivery ended the day up just $1.20 or 0.1 percent at $1,967.10 an ounce. Gold still jumped by 1.4 percent for the week.
The price of gold initially benefitted from U.S. dollar weakness following the release of the Labor Department's closely watched monthly jobs report.
For comments and feedback contact: editorial@rttnews.com
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.