Gold futures settled notably higher on Tuesday as the dollar tumbled amid speculation the Federal Reserve will start reducing interest rates from the middle of next year.
The dollar index fell to 102.61 before recovering to 102.84, but was still down more than 0.3% from the previous close.
Gold futures for February ended up $27.20 at $2,060.20 an ounce.
Silver futures for December ended higher by $0.254 at $24.935 an ounce, while Copper futures for December settled at $3.8000 per pound, gaining $0.0420.
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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.