Gold futures edged higher in recent sessions, reclaiming some of the ground lost earlier in the week as the greenback’s decline provided a tailwind for precious metals. This shift marks a notable pivot for market participants seeking refuge in tangible assets.

Meanwhile, labor tensions are rising in the industrial sector. Cleveland-Cliffs is moving forward with planned layoffs at its Stelco operations in Canada, a decision that has sparked a direct confrontation with Ottawa. The government of Prime Minister Mark Carney is currently reviewing potential legal avenues to challenge the move, highlighting the friction between corporate restructuring and state-level economic oversight.