Gold prices drifted lower on Friday, turning weak after two successive days of gains, as the dollar rebounded from recent losses, and bond yields edged higher.
Still, gold futures posted a weekly gain as the Federal Reserve left interest rates unchanged and signaled three rate cuts in 2024, citing easing inflation and slowing economic growth.
The dollar index rallied to 102.58, gaining about 0.6%.
Gold futures for February ended down $9.20 at $2,035.70 an ounce. Gold futures gained more than 1% in the week.
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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.