Gold futures regained ground on Tuesday, recouping about half of the previous day's losses, as market participants reacted to the U.S. producer price index data. The dollar weakened, and yields on U.S.

As of 5:15 PM ET, gold futures based on the most active June 2024 contract traded $32 lower, settling at $2,343. Today's price decline effectively filled the gap created between last Thursday's closing price and Friday's opening price.

Gold continues to gain value after yesterday's report on weekly unemployment claims surged for the week ending May 4.