Gold prices drop to the lower end of the $1,990-78 trading range.
US dollar weakness favors the safe-haven buying amid trade wars, absence of American stimulus.
Coronavirus (COVID-19) woes add to the bullion’s strength.
US housing market data, Fedspeak will act as assistants with risk catalysts on the driver’s seat.
Gold prices take rounds to $1,981/82 amid the early Tuesday morning in Asia. In doing so, the yellow metal seesaws around the five-day top, flashed the previous day, while easing with the recently established range between $1,990 and $1,978. While multiple risk catalysts and the greenback’s weakness triggered the precious metal’s rise on Monday, the quote’s latest weakness is more likely a pullback amid a lack of major catalysts