Gold price today, Feb. 17 -- Safe-haven assets came under sharp selling pressure on Tuesday, 17 February, as a strengthening US dollar made greenback-priced commodities more expensive for holders of other currencies, while easing geopolitical tensions also lowered demand for precious metals.

In addition, holidays in major markets hit liquidity, keeping metal prices under pressure.

The April futures contract on Comex dropped $171 per troy ounce to a day's low of $4,875 on 17 February, falling below $ 5,000. Overnight, gold prices pushed to a session high around $5,046 an ounce but were unable to sustain strong bullish momentum.

The markets in mainland China, Hong Kong, Singapore, Taiwan, and South Korea are closed for the Lunar New Year...