Gold traded higher above $4,700 an ounce on Friday as the dollar index struggled around the 98 mark ahead of the U.S. jobs report due later in the day and the CPI report, scheduled for next Tuesday.
Additionally, the U.S. Senate will vote on May 11 to invoke cloture on the nomination of Kevin Maxwell Warsh as the 17th chair of the Federal Reserve.
Spot gold jumped 0.7 percent to $4,721.02 an ounce while U.S. gold futures were up 0.4 percent at $4,727.60.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.