Investing.com - Gold prices were marginally higher in early Asia on Tuesday ahead of the initial HSBC (LONDON:HSBA) manufacturing gauge for March that will also put copper into focus.
In China, the March flash reading of the HSBC PMI will be released at 09:45 Beijing time (0145 GMT) and is expected at 50.6, a slight downtick from 50.7 in February.
On the Comex division of the New York Mercantile Exchange gold futures for April delivery fell 0.10% to $1,189.100 a troy ounce.
Elsewhere, silver futures for May delivery edged eased 0.52% to $16.980 a troy ounce.
Copper delivery for the month of May slumped 1.50% to $2.863 a pound.
Overnight, gold futures edged up on Monday reaching two-week highs, amid modest gains from the euro against the U.S. dollar.
Gold prices have rallied since the middle of last week following relatively dovish comments from Federal Reserve chair Janet Yellen halted the dollar's steep appreciation against the euro.
Despite offering indications that the Fed will likely increase interest rates at some point this year, Yellen said the Fed will take a "data-driven" approach on the timing of its first interest rate hike since 2009.
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Gold prices tick higher in early Asia ahead of HSBC China flash PMI
Published 03/23/2015, 07:01 PM
Updated 03/23/2015, 07:02 PM
Gold prices tick higher in early Asia ahead of HSBC China flash PMI
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