Gold futures settled notably lower on Monday as the dollar firmed against other major currencies ahead of the Federal Reserve's monetary policy announcement, due this week.
Several other central banks, including the European Central Bank and the Bank of England, are also scheduled to announce their policy decisions this week. The Swiss National Bank and the Norges Bank as well are set to announce their policy moves during the course of this week.
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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.