WASHINGTON (Alliance News) - Gold prices are up slightly in early trades Tuesday with investors looking ahead to a slew of US economic reports.
Gold futures for June delivery are up USD1.90 or 0.15% at USD1,285.70 an ounce, having slipped to a seven-week low of USD1,278.30 an ounce overnight.
Silver for May delivery is up USD0.041 or 0.21% at USD19.793 an ounce, coming off a low of USD19.638.
Meanwhile, copper is down marginally at USD3.026, 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.
