AsianFin -- Gold steadied after a steep selloff triggered by growing optimism over easing U.S.-China trade tensions, which reduced demand for traditional safe-haven assets.

Spot bullion hovered near $3,237 an ounce after tumbling 2.7% on Monday, as investors shifted toward equities and riskier assets on news of a temporary tariff truce between the world’s two largest economies. Under the agreement, the U.S. will cut tariffs on Chinese goods to 30% from 145% for 90 days, while China will lower levies on most U.S. imports to 10%.