In early trading, the gold price in the Asian market fell slightly or experienced a technical correction.

In early Asian trading, the price of gold edged slightly lower, as gold prices may see a technical pullback. Spot gold fell 0.1% to $3,393.87 per ounce. On Monday, gold futures had their best single-day performance in over a month. However, persistent geopolitical tensions may limit the downside in gold prices. Bas Kooijman of DHF Capital said that as ceasefire negotiations have stalled, Russia recently launched a new round of drone and missile attacks on Kyiv, Ukraine, despite increasing international pressure, reiterating Russia's hardline stance. The CEO and asset manager also stated that tensions in the Middle East remain severe, supporting demand for safe-haven assets.