Gold prices decline to $1,649.50, down 0.62%, amid the initial hours of the Asian session on Tuesday. While the risk of spreading coronavirus outside China propelled the bullion to a fresh seven-year high on Monday, the recently mixed headlines seem to trigger the pullback amid risk reset. […] Recently, Japan’s Economy Minister Nishimura said to pay close attention to impact coronavirus including financial markets. […] Also, Japan’s Corporate Service Price Index for December rose to 2.3% from 2.1% expected and prior just round the Tokyo open. […] Technical Analysis Unless rising back beyond $1690, gold prices are expected to test the resistance-turned-support line stretched from September 2019, at $1,633 now.
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