Gold prices consolidated around $1,780 an ounce on Tuesday, not far from a two-month high of $1,798 touched in the previous week, spurred on by safe-haven bids stemming from rising coronavirus infections in countries from India to Japan. Also, the negative sentiment around the dollar has lent further optimism to the gold bulls. Market participants are now keenly anticipating the Federal Reserve’s April meeting for any clear sign of a move in a hawkish direction given the improved economic outlook due to the successful vaccine rollout.