Ammon News - Gold prices nudged higher on Tuesday, after a sharp decline in the previous session, as investors looked forward to U.S. inflation data that could offer further insight into the Federal Reserve's rate-cut trajectory.

Spot gold was up 0.3% at $3,354.91 per ounce, as of 0453 GMT. U.S. gold futures for December delivery were steady at $3,405.40.

Gold slipped 1.6% on Monday, while futures dropped by more than 2% after U.S. President Donald Trump said tariffs will not be placed on imported gold bars, easing jitters in the market.

Elsewhere, spot silver gained 0.7% to $37.88 per ounce, platinum rose 0.3% to $1,330.25 and palladium climbed 0.9% to $1,145.47. Reuters