Spot gold prices dropped 0.4% to $5,020.10 per ounce by 0111 GMT. This came after a sharp 2.5% rise in the previous session. Meanwhile, U.S. gold futures for April delivery fell 0.1%, settling at $5,039.50 per ounce. The market was influenced by movements in the U.S. dollar index, which impacts gold's price dynamics. Investors closely watch these changes as they affect gold's role as a safe haven.