Gold rises above $1,800 on weak dollar
Gold prices rose on Tuesday, as the US dollar fell against most currencies, after the release of disappointing economic data.
The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%.
The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.
Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 19:12 GMT, after hitting a high of 92.6 points and a low of 92.3 points.
As of 19:13 GMT, gold spot prices rose 0.6% to $1,805.3 an ounce, with a high at $1810.6 and a low at $1,780.6.
Silver edges higher as dollar slips on weak data
Silver prices rose on Tuesday, as the US dollar fell against most currencies, after the release of weak economic data.
The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%.
The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.
Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 19:37 GMT, after hitting a high of 92.6 points and a low of 92.3 points.
As of 19:37 GMT, silver spot prices rose 0.1% to $23.853 an ounce.
Oil pares early gains, edges lower
Oil prices fell on Tuesday, and gave up early gains, ahead of the US crude inventories.
The International Energy Agency reported today that it expects a strong recovery in global demand for oil during the fourth quarter of 2021.
The American Petroleum Institute will release its preliminary report on the US crude inventories later today, and the US Energy Information Administration will release the official data on Wednesday.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 17:27 GMT, after hitting a high of 92.6 points and a low of 92.3 points.
As of 17:20 GMT, WTI crude October futures fell 0.6% to $70.01 a barrel.
Brent November futures 0.5% to $73.1 a barrel, after breaching the $74 barrier earlier today.
US stocks fall in early trading after disappointing data
The major US stock indices opened mostly lower on Tuesday, after the release of the US consumer price data, which affects the US Federal Reserve monetary policy.
The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%.
The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.
Otherwise, millions of tech enthusiasts around the world are waiting for the Apple event, through which the US company will unveil new versions of the iPhone.
As for stocks, Dow Jones fell 0.2% or 92 points to 34,777 as of 14:06 GMT, and S&P 500 fell 0.2% or 7 point to 4,461, while Nasdaq rose less than 0.1% or 1 point to 15,215.