Gold prices remained steady in early Asian trade on Tuesday. The selloff observed on Monday is showing signs of stabilization, as oil prices and U.S. Treasury yields have eased, while expectations for further Federal Reserve interest rate hikes have moderated, according to OCBC Group.

Market participants are now looking ahead to key U.S. economic data releases that could provide further direction to commodity markets. The recent pullback in gold follows broader risk-off sentiment triggered by concerns over inflation and monetary policy tightening.

Traders are cautiously positioning themselves ahead of upcoming economic indicators, with attention focused on how central bank policies continue to evolve.