Gold prices moved modestly higher to hit a fresh record high on Tuesday, as the likelihood of a U.S. government shutdown has increased. In addition, the release of benign jobs data supporting rate cut expectations helped the yellow metal on the upside.
Front Month Comex Gold for October delivery has risen by $19.90 (or 0.52%) to $3,840.80 per troy ounce. Notably, gold prices have jumped nearly 11% so far this month. Gold ends the quarter up by 16.59% posting a record quarterly net gain.
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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.