Gold prices moved higher on Friday, earning the most active gold futures contract their second straight weekly gain, as the dollar shed ground.
Despite some hawkish comments from a few Fed officials, there are expectations the central bank will start reducing rates beginning in the second quarter of 2024.
The dollar index dropped to 103.40, losing about 0.5%.
Gold futures for December ended higher by $10.20 at $2,003.00 an ounce.
For comments and feedback contact: editorial@rttnews.com
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.