Gold prices charged to another record high on Tuesday, aided by broadly dovish comments from U.S. Federal Reserve officials and escalating tensions in the Middle East. Spot gold gained 0.3% to $2,636.

Gold steadied near a record, with upcoming US data expected to give clues on whether the Federal Reserve’s 50-basis-point rate reduction last week will be the first in a series of aggressive cuts.

Gold prices climbed to a fresh record high on Thursday, with inflation data this week providing support even as some analysts believe bets for a Federal Reserve interest-rate cut next week have been fully priced into the precious metal.