Gold prices traded lower on Friday and headed for a weekly loss due to lingering uncertainty over U.S.-Iran peace negotiations and Fed rate hike worries. Spot gold slid 0.2 percent to $4,465.13 an ounce and was down nearly 1.6 percent for the week. U.S. gold futures were down 0.3 percent at $4,490.32 on inflation and interest rate worries.
The dollar steadied and was set for a small weekly gain ahead of the U.S. nonfarm payrolls report later in the day, expected to show some moderation in employment growth in May after two straight months of strong gains.
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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.