Ammon News - Gold fell on Tuesday, though held above the $5,000-per-ounce level, as investors stayed cautious ahead of key U.S. jobs and inflation data due later this week that would provide cues to the U.S. Federal Reserve's interest rate trajectory.

Spot gold fell 0.7% to $5,029.49 per ounce by 0332 GMT. The metal gained 2% on Monday, as the dollar weakened to a more than one-week low. It had scaled a record high of $5,594.82 per ounce on January 29.

U.S. gold futures for April delivery lost 0.5% to $5,052.0 per ounce.
Spot silver was down 2.1% at $81.64/oz, after rising nearly 7% in the previous session. It had hit an all-time high of $121.64 on January 29.

The U.S. dollar nursed steep losses on Tuesday, while the yen held on to its gains.

Investors expect at least two 25-basis-point rate cuts in 2026, with the first one expected in June.

Spot platinum shed 2.1% to $2,084.09 per ounce, while palladium lost 1.7% to $1,710.75.

Reuters