Dollar Weakens Ahead of U.S. CPI, While China and Singapore Economic Data Await

The U.S. dollar slipped on Tuesday, easing ahead of the release of the Consumer Price Index and while market participants focus on forthcoming economic data from China and Singapore. The benchmark gold price fell to $4,147.50 per ounce, down 13.70 points or 0.33%, while silver slipped to $58.847 per ounce, a decline of 0.683 points or 1.15%. Crude oil remained broadly flat; West Texas Intermediate (WTI) traded at $94.64, up 0.50 points or 0.53%, and Brent crude was at $106.37, up 0.68 points or 0.64%. Base metals saw modest movements: copper edged up to $6.7363 per pound, a gain of 0.0063 points or 0.09%, whereas aluminum fell to $3,028.85 per tonne, down 7.40 points or 0.24%. Natural gas prices were higher, trading at $3.319 per million British thermal units, up 0.039 points or 1.19%. Investors are watching the U.S. CPI for clues on inflation and potential Fed policy shifts, while China’s latest data and Singapore’s GDP figures are expected to provide insight into global growth dynamics. The market remains cautious as the dollar’s trajectory could influence commodity pricing and risk appetite across asset classes.