Gold prices fell on Tuesday in Asia ahead of testimony from Federal Reserve Chairman Jerome Powell.

Gold Futures for April delivery lost 0.5% to $1,571.65 by 1:40 AM ET (05:40 GMT). Asian equities were mostly higher today, putting the safe-haven metal under pressure.

The yellow metal rose in the last four days as it drew support from concerns about the coronavirus epidemic as death toll crossed 1,000 lives in China.

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