Gold prices stabilize as Middle East conflict continues

Gold prices recovered from earlier sharp losses on Tuesday as investors weighed conflicting signals regarding potential negotiations in the Middle East. After dropping more than 2% to a session low of $4,097.99 per ounce—the lowest level since November 24—spot gold pared its losses to trade down 0.2% at $4,396.74. Meanwhile, U.S. gold futures for April delivery slipped 1.5% to $4,340.90.