Gold prices rose on Friday, after disappointing readings on U.S. inflation and growth reinforced expectations that the Federal Reserve would not cut interest rates. 

Investors also assessed the ramifications for precious metals from the Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs. Meanwhile, heightened U.S.-Iran tensions also boosted safe-haven demand.

The U.S. dollar slipped on Friday, as traders assessed the fallout from the Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs. Still, the currency was set for its best weekly gain since November, boosted by a more hawkish Federal Reserve outlook and elevated tensions between the U.S. and Iran.

At 17:31 ET (22:31 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 97.72. 

Oil prices moved in tight ranges in holiday-thinned trade Tuesday, with focus squarely on nuclear negotiations between the U.S. and Iran.

At 08:10 ET (13:10 GMT), Brent oil futures for April rose 0.1% to $68.71 a barrel, and West Texas Intermediate crude futures rose 1.4% to $63.65 a barrel.

Gold and silver prices fell Tuesday, extending losses from the prior session, as a stronger dollar put pressure on precious metals. Investors also remained on edge ahead of more key U.S. economic data this week.