Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and its impact on crude exports from the region.

Goldman Sachs on Monday raised its gold price forecast for early 2025 to $2,900 per troy ounce (toz) from the previous $2,700/toz, citing two primary reasons.

The recent nomination of incoming Japan Prime Minister Shigeru Ishib has prompted gains in the yen, but UBS doubts his appointment will substantially alter the speed of yen appreciation. 

European stock markets edged mostly higher Tuesday, starting the new quarter on a positive note ahead of the release of key regional inflation data. 

The U.S. National Transportation Safety Board said on Monday more than 40 foreign operators of Boeing (NYSE:BA) 737 airplanes may be using planes with rudder components that could pose safety risks.

The U.S. dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts.