Gold futures settled higher on Thursday as the dollar struggled a bit after some Federal Reserve officials commented that the central bank's policy stance is probably sufficiently restrictive.
Chicago Federal Reserve President Austan Goolsbee has even warned against an interest rate overshoot.
The dollar index, which fell to 105.38 in the New York session, after having climbed to around 105.70 in the European session, emerged above the flat line later on in the session.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.