Bullion was traded in red territory following Monday's massive correction from previous falls.
Oil futures were trading lower on Tuesday, as investors awaited API inventories and watched anxiously the developments in the Syrian conflict, which may hurt oil production.
European stock markets moved lower, taking a breather after jumping to multi-year highs, with carmakers and banks among the biggest losers. Meanwhile, the UK's FTSE reached a 13-year high.
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- British factory gate prices fall below expectations
- UK inflation falls to seven-month low of 2.4% in April
- PREVIEW: UK inflation to ease in April before summer peak expectations
- M&S posts second full-year fall in profit
- German producer prices growth lowest in 3 years
- More news »
News By Sector
- Politics Oklahoma tornado kills around 90, destroys schools May EU summit targets tax evasion and fraud UK Conservative party to unveil draft bill on EU referendum More »
- Economy British factory gate prices fall below expectations UK inflation falls to seven-month low of 2.4% in April PREVIEW: UK inflation to ease in April before summer peak expectations More »
- Equities European markets lose ground; FTSE at 13-year high M&S posts second full-year fall in profit M&S posts second full-year fall in profit More »
- Fixed Income / Bonds Treasuries rise first time in a week as data offers new stimulus hope Treasuries tumble to 7-week low as Fed seen stopping purchases Italy successfully auctions lower yield bonds More »
- Currencies GBP/USD: Sterling scrapes near 6-week low after inflation data EUR/USD: Euro flat in calm trading USD/JPY: Yen drops to find 'balance point' More »
- Commodities WTI declines ahead of inventories data Gold trades lower, awaiting fresh incentives Gold bears take a breather, bulls fight back More »