Gold prices were slightly lower on Monday as risk sentiment improved in equity markets following a pledge by Chinese officials to roll out more stimulus measures for the country's beleaguered property sector.
That said, a weaker dollar and dovish Fed bets lent some support at lower levels.
Spot gold slipped 0.1 percent to $1,978.54 per ounce, while U.S. gold futures were down 0.2 percent at $1,980.55.
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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.