Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariff and inflation concerns boosted safe-haven demand, while focus was also on key jobs data due this week.

Gold futures finished at a new record high on Monday, as tariffs dominated the day's action in U.S. markets, with the uncertainty around President Trump's tariff plans driving investors toward gold as a safe-haven asset, and traders speculating that physical metal prices have room to move up further.

Gold rose to a new all-time high amid a rush to safer assets after US President Donald Trump imposed tariffs on Canada, Mexico and China, while threatening to do the same against the European Union.