Gold prices were a tad higher on Thursday as easing geopolitical tensions offset pressure from a stronger dollar and higher Treasury yields.
Spot gold edged up 0.3 percent to $4,268.61 an ounce, after having fallen 1.7 percent on Wednesday on the back of hawkish Fed policy and upbeat retail sales and housing data released overnight. U.S. gold futures were down more than 2 percent at $4,285.70.
The Federal Reserve held its benchmark interest rate steady on Wednesday but Chair Kevin Warsh's focus on "price stability" signaled an increasingly hawkish pivot.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.