*

US CPI due on Tuesday, PPI on Thursday

*

US gold futures down over 2% after scaling record on

Friday

*

Trump and Putin to meet to discuss Ukraine peace deal

(Updates for US morning hours)

By Ashitha Shivaprasad

Aug 11 (Reuters) - Gold prices fell on Monday as

investors awaited White House clarification regarding potential

U.S. tariffs on imported gold bars as well as a U.S. inflation

report that could provide an indication of the Federal Reserve's

rate outlook.

U.S. gold futures for December delivery fell 2.3% to

$3,410.50 an ounce by 8:57 a.m. ET (1257 GMT).

Prices hit a record high on Friday after reports that

Washington may place the most widely traded gold bullion bars in

the United States under country-specific import tariffs. Later

on Friday, an official told Reuters that the White House intends

to issue an executive order in the near future "clarifying

misinformation" about tariffs on gold bars and other specialty

products.

"The market initially rallied on uncertainty surrounding the

tariffs, but is now experiencing nervous liquidation as

participants await further clarity from the White House," said

Jim Wyckoff, senior analyst at Kitco Metals.

Spot gold was down 1.2% at $3,356.30.

On the data front, U.S. consumer price data is due out on

Tuesday, followed by producer price data on Thursday.

"Inflation data will be especially important following the

weak jobs report. If this week's inflation figures come in

higher than expected, it could give the Fed a reason to pause

the anticipated rate cut in September, which would be bearish

for gold prices," Wyckoff added.

A recent weaker-than-expected U.S. jobs report has increased

traders' bets for a Fed rate cut in September.

Trade negotiations were also in the spotlight as the August

12 deadline set by President Donald Trump for a U.S.-China deal

approached.

Meanwhile, Trump will meet with Russian President Vladimir

Putin on August 15 in Alaska to negotiate an end to the war in

Ukraine.

Gold tends to perform well during periods of uncertainty and

in a low-interest rate environment.

Among other metals, spot silver fell 1.5% to $37.76,

platinum dipped 1.1% at $1,316.69 and palladium

lost 1.1% to $1,138.30.