Commodities

Gold Stable After 7-Week Lows

Gold prices are up slightly in early trades Tuesday with investors looking ahead to a slew of U.S. economic reports.

Gold futures for June delivery are up $1.90 or 0.15 percent at $1,285.70 an ounce, having slipped to a seven-week low of $1,278.30 an ounce overnight.

Silver for May delivery is up $0.041 or 0.21 percent at $19.793 an ounce, coming off a low of $19.638.

Meanwhile, copper is down marginally at $3.026, moving in a very tight range.

Investors will be looking ahead to the PMI Manufacturing data. Economists expect the manufacturing purchasing managers' index to be downwardly revised to 56.8 from the mid-month reading of 57.1.

Also due for release are the Institute for Supply Management's new orders index and manufacturing prices data and a report on construction spending.

by RTTNews Staff Writer

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