Gold prices steadied in holiday-thinned trade on Tuesday as investors looked ahead to the U.S. Federal Reserve’s interest rate strategy and President-elect Donald Trump’s tariff policies that could shape the metal's trajectory next year.

Gold was steady as traders weighed the outlook for monetary policy after the Federal Reserve’s preferred measure of underlying inflation came in below expectations last week.

The Federal Reserve rolled out its third rate cut of the year this week, a move that could impact the gold market.

Gold prices gained in a quiet holiday-period trading on Tuesday, while investor focus was on the U.S. Federal Reserve's rate strategy for next year and President-elect Donald Trump's future tariff policies.

Gold prices have steadied at $2,620 an ounce, reflecting investor caution amidst mixed signals from the US Federal Reserve. After closing 0.4% lower earlier this week, bullion has rebounded slightly in thin holiday trading.

Gold prices remained steady as investors anticipated fewer interest rate cuts from the Federal Reserve in 2025 amid the approaching Christmas holiday. Despite a benign U.S. inflation reading, markets are pricing in minimal easing next year.

Gold prices steadied in holiday-thinned trade on Tuesday as investors looked ahead to the U.S. Federal Reserve’s interest rate strategy and President-elect Donald Trump’s tariff policies that could shape the metal's trajectory next year.