Gold trades modestly higher as investors await inflation report

Gold prices traded marginally higher on Tuesday while investors awaited the release of the November consumer-price index, a closely watched inflation gauge.

Metals prices

• February gold
  GC00,
  +1.84%
   
  GCG23,
  +1.84%
  gained $7.50, or 0.4%, to $1,799.70 per ounce on Comex.

• March silver
  SI00,
  +3.73%
   
  SIH23,
  +3.73%
  advanced 22 cents, or 0.9%, to $23.62 per ounce.

• Palladium for March
  PAH23,
  +3.34%
  delivery advanced $33.40, or 1.8%, to $1,917 per ounce, while platinum for January delivery
  PLF23,
  +3.95%
  advanced $17, or 1.7%, to $1,025 per ounce.

• March copper 
  HGH23,
  +2.95%
  rose 5 cents, or 1.3%, to $3.85 per pound.

What’s happening

Financial markets could be volatile on Tuesday as the November consumer-price index is due out at 8:30 a.m. Eastern Time.