On the daily chart, following its failure to overcome a barrier at $1,799, the metal broke a support at $1,775. The break opened the way towards $1,723-$1,752 range.
More than 147.23 million people have been reported to be infected by the novel coronavirus globally and 3,249,168? have died, according to a Reuters tally.
A gauge of stock prices across the world fell on Tuesday and oil prices also slipped as concern lingered over rising global COVID-19 cases and their effect on the global economic rebound.
More than 141.67 million people have been reported to be infected by the novel coronavirus globally and 3,163,124? have died, according to a Reuters tally.
A rise above $1,758.45 could confirm a double-bottom, which will suggest a target of $1,851. A break below $1,719 may cause a fall into the range of $1,677-$1,697.
The European Central Bank should spell out its tolerance for overshooting its inflation target, ECB policymaker Francois Villeroy de Galhau said on Tuesday.
The U.S. dollar slipped to three-week lows after the data, making gold more appealing for holders of other currencies, while benchmark 10-year Treasury yields also ticked lower.
