Gold edged lower on Tuesday after rising over the previous two days. Spot gold dipped 0.2 percent to $5,049.77 an ounce while U.S. gold futures were down 0.1 percent at $5,075.36.
The downside was capped by a weaker dollar after reports emerged that China has advised its banks to reduce U.S. Treasury exposure.
The U.S. dollar index was subdued for the third consecutive session and U.S. Treasury yields fell as investors braced for key U.S. economic data for direction.
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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.