India, Jan. 28 -- Gold prices held steady on Tuesday after falling more than 1 percent in the previous session amid a global rout in technology stocks, sparked by the Chinese AI startup DeepSeek's breakout success.
Spot gold edged up by 0.1 percent to $2,743.05 per ounce in European trade while U.S. gold futures were up 0.3 percent at $2,772.99.
The dollar strengthened against peers after U.S. President Donald Trump said he plans to impose sweeping tariffs on steel, aluminum, copper, semiconductor, and pharma imports in a push to increase U.S. production of the products.
Also, Scott Bessent was confirmed as U.S. Treasury Secretary, with the Financial Times reporting that he was in favor of universal tariffs starting at 2.5 percent.
Mean...