Gold futures settled lower on Friday with investors choosing the dollar as a safe-haven option amid optimism about the health of the U.S. economy.
The dollar came off 10-month highs, but still managed to find decent support from traders.
The dollar index, which dropped to 105.56 in the Asian session, recovered to 106.24, gaining marginally from its previous close.
Gold futures for December ended lower by $12.50 or about 0.7% at $1,866.10 an ounce. Gold futures shed nearly 4% in the week, and dropped around 3% in the third quarter.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.