Gold prices edged higher on Thursday as escalating Middle East tensions outweighed a stronger dollar and a surge in Treasury yields.
Spot gold rose 0.6 percent to $1,990.72 per ounce, while U.S. gold futures were up 0.3 percent at $2,000.50.
Israeli Prime Minister Benjamin Netanyahu said that the Israeli army is prepared for the ground assault in Gaza, denting demand for riskier assets and increasing the appeal of safe-haven gold.
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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.