Gold steady above $2,000 as markets await U.S. inflation data.
Gold prices steadied above key levels on Tuesday, keeping to slim trading ranges as traders awaited more cues on the U.S. economy from key inflation data due this week, while concerns over a banking crisis and a potential recession remained in play.
The yellow metal saw a heavy dose of profit taking on Friday, plummeting from near record highs as a stronger-than-expected labor market report suggested that the Federal Reserve will remain hawkish for longer this year.
