Gold on Tuesday held near three-week lows hit in the previous session on diminishing demand for safe-haven bullion as Asian equities rallied and the U.S. dollar gained versus the yen. Spot gold was mostly unchanged at $1,256.77 per ounce, as of 0448 GMT. Bullion prices on Monday dropped 0.9 percent to $1,253.66 an ounce, its weakest since April 11. But that was followed on Tuesday U.S. bomber training drill had brought the Korean peninsula to the brink of nuclear war. The geopolitical concerns are receding but there are still chances of them coming back again. Gold will retrace but it will stay range bound for a while, before taking up any direction.

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