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Spot gold was down 0.2 per cent at $1,789.02 per ounce by 0131 GMT. The metal touched its highest since Feb. 25 at $1,797.75 on Monday. U.S. gold futures fell 0.2 per cent to $1,788.80 per ounce.
Agencies
Palladium rose 0.2 per cent to $2,976.83 per ounce, after scaling an all-time high of $3,007.73 per ounce on Friday. Silver was down 0.5 per cent at $26.74 per ounce, while platinum dipped 0.1 per cent to $1,228.94.
Gold prices edged lower on Tuesday, after hitting a more than two-month high in the previous session, as a stronger
dollar and optimistic comments from U.S. Federal Reserve Chairman Jerome Powell on the economy weighed on the metal s safe-haven appeal.
Hedge funds boosted their position in petroleum for the third week running, confirming increasing confidence over rising prices for the rest of the year.
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WASHINGTON (Reuters) - The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.
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The private-sector pilots initially will be funded by Accenture Plc and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help U.S. policymakers develop a digital dollar.
A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a U.S. central bank digital currency (CBDC).
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WASHINGTON (Reuters) - Within a span of six hours last week, U.S. President Joe Biden and Federal Reserve Chair Jerome Powell embarked on a potentially historic course, pairing massive government spending and ultra-easy monetary policy in an effort not just to rescue the economy from a recession but to reset its trajectory.
FILE PHOTO: U.S. President Joe Biden addresses a joint session of Congress as Vice President Kamala Harris and Speaker of the House U.S. Rep. Nancy Pelosi (D-CA) applaud, at the U.S. Capitol in Washington, DC, U.S. April 28, 2021. Chip Somodevilla/Pool via REUTERS
U S Treasury Secretary sees little inflation threat in Biden s ambitious stimulus package theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.