Gold Slides to Lowest Point in Two Weeks

Gold prices declined on Tuesday despite a weakening dollar against most major currencies, ahead of significant data releases and corporate earnings announcements.

Tesla is set to report its results after the close of the market on April 23, followed by Meta's earnings today, and Alphabet and Microsoft's on Thursday.

Analysts anticipate the US GDP to expand by 2.3% in the first quarter, with the results expected tomorrow.

US personal spending data, due on Friday, is forecasted to have risen by 0.3% in March.

Earlier today, manufacturing PMI dropped to 49.9 this month from March's 51.9, while services PMI fell to 50.9 from 51.7.

The dollar index retreated by 0.4% as of 20:37 GMT to 105.6, hitting a session high of 106.2 and a low of 105.6.

Gold spot prices also declined by 0.4%, or $9.70 as of 20:38 GMT, reaching $2336.6 per ounce.