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Gold prices fall amid firmer dollar ahead of key economic data this week
Gold and silver prices fell Tuesday, extending losses from the prior session, as a stronger dollar put pressure on precious metals. Investors also remained on edge ahead of more key U.S. economic data this week.
Dollar edges higher ahead of data dump; sterling weakens on weak labor market
The U.S. dollar rose Tuesday ahead of more key data as U.S. investors returned from their holiday break, while sterling retreated on soft labor market data.
At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher to 97.010, after a 0.2% gain in the previous session.
Gold, silver prices slip; key economic data due this week
Gold prices fell Monday and silver also retreated amid continued uncertainty over U.S. interest rates in the wake of the release of the latest US. inflation data.
At 07:20 ET (12:20 GMT), spot gold fell 0.9% to $4,997.74/oz and gold futures for April fell 0.5% to $5,019.25/oz.
Oil prices edge higher ahead of US–Iran nuclear talks
Oil prices rose slightly on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases.
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