Gold futures gained on Thursday as the dollar stayed subdued after data showing a smaller than expected increase in U.S. private sector employment helped raise optimism the Federal Reserve will start cutting rates sometime early next year.
The dollar index, which dropped to 103.87, recovered to 104.08 as the day progressed, recording a marginal gain.
Gold futures for February ended higher by $11.60 at $2,047.90 an ounce.
For comments and feedback contact: editorial@rttnews.com
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.