Gold declines to two-week lows
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important data and corporate earnings results.
Tesla will announce results after the close today, with Meta scheduled for tomorrow, followed by Alphabet and Microsoft on Thursday.
As for data, analysts expect the US GDP to grow at a 2.3% pace in the first quarter, with results coming out tomorrow.
US personal spending data are expected to have climbed 0.3% in Marc, with results due on Friday.
Earlier data today showed the manufacturing PMI down to 49.9 this month from 51.9 in March, while the services PMI fell to 50.9 from 51.7.
Otherwise, the dollar index fell 0.4% as of 20:37 GMT to 105.6, with a session-high at 106.2, and a low at 105.6.
Otherwise, gold spot prices fell 0.4%, or $9.70 as of 20:38 GMT to $2336.6 an ounce.
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...