Gold prices fell below $4,600/oz in early Asian trade Tuesday, pulling back from a $100+ surge fueled by safe-haven demand.

• Rally stemmed from Fed independence fears, Trump's 25% Iran trade tariffs, and military threats, sparking market flight to safety.
• MCX Feb gold futures dropped 0.23% to ₹1,41,700/10g amid global profit-taking; silver saw parallel gains earlier.
• Focus shifts to US inflation data today, eyed for Fed rate cut clues despite expected steady policy this month.