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 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.