Gold prices steadied on Tuesday after the previous session's sharp sell-off in U.S. futures from record levels, with investors now focusing on U.S. inflation data that could shape the Federal Reserve's rate-cut timeline.

Gold futures slump, reversing gains made in the prior session on persistent tariff uncertainty. Futures are down 2.1% at $3,418.30 a troy ounce, having hit an all-time high of $3,534.20 on Friday after confusion over a possible U.