Gold edges down, dollar moves little

Gold futures tilted lower in Asian trade off March 2014 highs as the dollar traded mostly flat, amid the Davos Economic Forum in Switzerland while China tackles the Coronavirus panic. 

As of 04:29 GMT, gold futures due in February fell 0.12% to $1,561.00 an ounce, while the dollar index traded at 97.71. 

From the US, the manufacturing PMI is expected to steady at 52.4, while services PMI are estimated up to 52.9. 

The World Health Organization said there's no need for panic yet over the Coronavirus, which killed 25 people and infected 830 in China and 14 people in other countries, noting it's still a local crisis. 

Moving elsewhere, North Korea threatened to continue developing its nuclear arsenal if the US carried on its sanctions, while some Iranian politicians expressed the need for nuclear weapon to protect Iran from US threats.