Market closed for June holiday in the United States Market trading is light, with limited gold volatility

On Wednesday (June 19th), the US dollar index fluctuated narrowly and is still above the 105 level, ultimately closing down 0.11% at 105.15. The US bond market is closed due to the June holiday.

Gold prices fluctuated narrowly on Wednesday (June 19) as most markets in the United States were closed for the June holiday, resulting in relatively light trading overall. Previous data showed lackluster economic activity in the United States, which has kept hopes of at least one rate cut this year alive. Additionally, concerns about the potential spread of the Middle East conflict continue to provide safe haven support for gold prices.

Due to the US holiday, market trading was light, and two oil companies fell on Wednesday (June 19) after reaching a seven week high. WTI crude oil fell slightly after reaching $81, ultimately closing down 0.17% at $80.54 per barrel; Brent crude oil closed 0.19% lower at $84.63 per barrel.