The price of gold extended the strong upward move seen over the two previous sessions on Wednesday amid U.S. fiscal uncertainty as President Donald Trump's sweeping tax bill inches through Congress.
Gold for May delivery jumped $29 or 0.9 percent to $3,309.30, surging by more 4.0 percent over the past three sessions.
The precious metal continued to benefit from a decrease in the value of the U.S. dollar, with the U.S. dollar index sliding by 0.7 percent.
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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.