It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."Technologyread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Samsung's Galaxy Note 10+ packs everything you need and more into a phone.Technologyread more
Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.
Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that China had agreed to cut import tariffs on American-made cars.
Palladium prices had last week briefly surpassed those of gold for the first time since 2002.
Spot gold was down .13 percent at $1,243.02 per ounce, as of 1:50 p.m. ET. It touched its highest since July 11 at $1,250.55 in the prior session.
U.S. gold futures settled at $1247.20 per ounce, falling $2.20.
"We are in a situation where the U.S. Federal Reserve is starting to signal they may be very close to neutrality, which means just a few more interest rate hikes," said Bart Melek, head of commodity strategies at TD Securities.
"Over the last few weeks, several speakers from the Fed, including Chairman Jerome Powell has let the market know that they will be looking at the data when deciding the monetary policy going forward. ... The market is interpreting this as lower interest rates in 2019 and 2020."
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar.
Gold investors are awaiting the Fed meeting on Dec. 18-19, where the central bank "could have more dovish language and cautious approach to future hikes," said George Gero, managing director at RBC Wealth Management.
Reflecting investor interest toward bullion, speculators trimmed their net short positions in Comex gold contracts in the week to Dec. 4, data showed on Monday.
"There remains significant scope for the market to further increase long positions and to further reduce short positions. A weaker dollar, driven by moderating Fed policy, could provide the market with the necessary impetus," Societe Generale said in a note.
Among other precious metals, palladium climbed 1.96 percent to $1,241.40 an ounce.
"There was some mention of tariff removal by the U.S. President on the autos, that certainly means better demand for vehicles that use palladium and there is a general concern that the palladium market is in a structural deficit," TD Securities' Melek said.
Spot silver rose .03 percent to $14.533 per ounce, having touched $14.72 an ounce earlier, its highest since Nov. 7.
Platinum was 0.70 percent lower at $779.74 per ounce. Prices had slipped to their lowest since Sept. 10 at $773.50 in the previous session.