Gold prices moved lower on Thursday as investors further scaled down their expectations for another U.S. Federal Reserve interest rate cut in December as they parsed today's U.S. non-farm payrolls data.
Front Month Comex Gold for November delivery declined by $21.20 (or 0.52%) to $4,056.50 per troy ounce.
Front Month Comex Silver for November delivery tumbled by 54.30 cents (or 1.07%) to $50.247 per troy ounce.
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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.