Gold prices stabilized around USD 3,330 per troy ounce on Tuesday. Market participants assess ongoing US-led peace initiatives while anticipating outcomes from the Federal Reserve’s Jackson Hole symposium. Investors closely monitor these dynamics, which could shape future movement in the precious metal. Overall, gold is reacting to geopolitical tensions and policy expectations, maintaining its position as a hedging tool against market volatility. The interplay of these factors will be crucial for gold’s price direction in the coming sessions.