Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,060, bouncing back after slipping to $3,998 earlier in the Asian session.
The risk-off tone is being driven by broad equity weakness, with global stocks sliding after a sharp tech-led selloff spilled over from Wall Street into Asia and Europe. Investors are pulling back as worries build around stretched AI valuations ahead of Nvidia's earnings on Wednesday.
However, the upside in Gold remains constrained amid diverging views among Federal Reserve (Fed) officials regarding a December rate cut. Traders are also refraining from taking large directional positions ahead of the delayed US economic data, keeping momentum subdued
Source: Fxstreet
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