Gold prices react to USDX, crude oil and economic data fluctuations.

Gold prices are slightly up and silver is weaker as the US dollar index lost its early gains and crude oil prices rallied. The gains in the metals were limited due to a stronger US non-farm payrolls jobs rise in May, reminding the market that the Federal Reserve is likely to remain hawkish on its monetary policy for longer. Saudi Arabia decided to unilaterally cut its crude oil production by around 1 million barrels per day, starting in July, while the OPEC-plus cartel decided to leave its collective crude oil output unchanged.