Gold prices are slightly lower in early trades Tuesday, with traders mostly making cautious moves ahead of a speech on Ukraine by Russian President Vladimir Putin.
Traders are eying today's U.S. inflation data and looking ahead to the Fed's decision on stimulus tapering as well.
It is widely expected that the Fed will trim its asset purchase by $10 billion to $55 billion per month at the culmination of a two-day meeting that begins this morning.
Gold futures for April delivery is down $9.80 or 0.71 percent at $1,363.10, after having slipped to $1,358.10, its weakest level since March 12. Gold futures for April rose to a six-month high of $1,992.60 on Monday.
Silver for May delivery is down $0.230 or 1.08 percent at $21.045, swinging between $20.968 and $21.248, while Copper is up marginally at $2.955, coming off from a high of $2.992.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.