Gold held steady on Friday after climbing in the previous session on weak U.S. labor market data.
Spot gold was marginally lower at $2,054.28 per ounce, while U.S. gold futures were virtually unchanged at $2,071.10.
Gold prices were poised for their biggest weekly gain in nine weeks as the dollar softened, and bond yields dipped on weak U.S. labor market data.
U.S. jobless claims rose last week, and fourth quarter unit labor costs undershoot forecasts while business activity in the manufacturing sector continued to contract in January, separate reports showed on Thursday.
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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.