Gold futures settled lower on Tuesday, extending losses from the previous session, as the dollar climbed higher. Some profit taking weighed as well bullion prices.
The dollar index surged to 104.05, gaining 0.33%, extending recent gains, amid expectations the Fed will hold rates unchanged for now.
Some safe-haven buying due to geopolitical tensions helped limit gold's downside.
Gold futures for February ended down $5.90 or about 0.3% at $2,036.30 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.