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Do you always look at charts so zoomed in? Also, has it been "dropping" or "tanking"? I'm never quite sure. What's the threshold for "tanking" again? $5 USD down right?
Coronavirus itself may turn out to be significant for gold depending on its impact to the economy and the monetary policy that ensues which will be a continuation of current trend. Alternatively, there may be another catalyst or combination of factors.
In any case, suggesting that gold has "dropped" (read, trading within a healthy range in a confirmed uptrend) because people have realised that should buy some face masks at a premium on Amazon instead is hilarious. Lol