Gold steadies after sharp drop as traders assess Fed outlook, Middle East risks

Gold (XAU/USD) steadies on Tuesday after suffering a sharp sell-off at the start of the week. The move appears to be a corrective bounce, as the broader narrative remains tied to expectations of further Federal Reserve (Fed) interest rate hikes.
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New Zealand Dollar falls toward 0.5650 despite rising RBNZ rate hike bets

NZD/USD declines to around 0.5650 at the time of writing on Tuesday, down 0.25% on the day, and remains close to its lowest level since late June.
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