Gold prices were rising in early trade as traders await key U.S. inflation data for more clues abut the path of monetary policy.
Futures were up 0.2% to $2,684 a troy ounce, boosted by a softer dollar and concerns over the impact of potential U.S. trade tariffs on inflation after President-elect Donald Trump takes office.
Prices fell in the previous trading session amid a stronger dollar and rising Treasury yields, but the long-term outlook for gold remains positive.
Investors will now be focusing on the producer price index due later on Tuesday and consumer price index data set to be released on Wednesday, as stronger-than-expected figures could further damp the rate-cut outlook for this year.
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