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Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East. Spot gold fell 0.2% to $2,376.90 per ounce by 09:26 ET (1326 GMT). The yellow metal touched an all-time high of $2,431.29 on Friday in anticipation of Iran's retaliatory attack against Israel. Data on Monday showed U.S. retail sales.
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The Dow and the S&P 500 opened higher on Tuesday, with health insurers leading the charge following upbeat results from industry major UnitedHealth, while investors kept tabs on the conflict in the Middle East. The Dow Jones Industrial Average rose 257.11 points, or 0.68%, at the open to 37,992.22. The S&P 500 opened higher by 2.77 points, or 0.05%, at 5,064.59.
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US stocks were mixed on Tuesday as Treasury yields advanced amid conflict in Middle East.At the opening bell, the Dow Jones Industrial Average rose 257.11 points, or 0.68%, to 37,992.22. The S&P 500 opened higher by 2.77 points, or 0.05%, at 5,064.59, while the Nasdaq Composite dropped 28.64 points, or 0.18%, to 15,856.38.
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