The yellow metal prints the biggest daily losses since the August 09 slump as the market sentiment sours amid coronavirus fears.
Looking forward, gold traders need to keep their eyes on the virus updates and GDP, as well as tapering, related headlines for fresh impulse.
Gold price is pressurizing lows near $1780, looking for a sustained break below the round number to extend the downside towards the $1750 support area.
Looking ahead, amid a lack of relevant US economic news, the covid updates and the dynamics in the dollar will continue to have a significant impact on gold price.
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