In some upbeat economic news, consumer confidence in the US improved in line with estimates in May, a Conference Board report showed Tuesday, while new orders for US manufactured durable goods unexpectedly saw continued growth in April, with orders rising for the third consecutive month.
Meanwhile, home prices in major US metropolitan areas rose more than expected in March, a report from Standard & Poor's showed Tuesday.
Gold for June delivery, the most actively traded contract, plunged
Gold for June delivery scaled an intraday high of
The dollar index, which tracks the US unit against six major currencies, traded at 80.46 on Tuesday, up from its previous close of 80.29 in North American trade. The dollar scaled a high of 80.47 intraday and a low of 80.17.
The euro traded lower against the dollar at
In economic news, the data from the
A report from Standard & Poor's showed home prices in major US metropolitan areas rose by a more than expected 1.2% in March, following a 0.8% increase in February. Economists expected the index to rise by about 0.7%. On a non-seasonally adjusted basis, the index climbed 0.9% in March after coming in unchanged in the previous month.
A report from the Conference Board said US consumer confidence improved in line with estimates, rising to 83.0 in May, from a downwardly revised 81.7 in April. Economists had been expecting the index to edge up to 83.0 from the 82.3 originally reported for the previous month.
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