Gold futures settled lower on Tuesday retreating from one-week higher level, in tandem with the stronger green back and as government bond yields peaked to one-year peak. The market participants sidelined ahead to the US Federal Reserve Chairman Jerome Powell's testimony to Congress later in the day.
Gold futures for April delivery dipped by $2.5 or 0.1% to settle at $1805.90 an ounce on the Comex division of the New York Mercantile. Spot gold was lower by $2.3 or 0.1% at $1806.50 per ounce.