Dollar falls after US inflation data
The US dollar fell against most currencies on Tuesday, 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.
Efforts to contain the coronavirus highly transmissible delta variant are continuing around the world by distributing more vaccines.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 18:10 GMT, after hitting a high of 92.6 points and a low of 92.3 points.
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.