On Tuesday Gold prices dropped in early Asian trade while the greenback recovered, as investors anticipating U.S. midterm election outcomes for market direction. U.S. gold futures fell 0.2% to $1,230.4 per ounce while
Spot gold was down about 0.2% at $1,228.20 per ounce. A Hong Kong-based trader said
"Dollar is a little bit firmer so that's putting some pressure on gold,” adding, gold will be trading mostly sideways until the midterm elections results.