Investing.com - Gold prices fell for the first time in six sessions on Tuesday, as investors locked in gains from a recent rally which took prices to the highest level in three months.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery shed $6.00, or 0.49%, to trade at $1,221.60 a troy ounce during European morning hours. Futures held in a tight range between $1,219.40 and $1,225.40.
A day earlier, gold rallied to $1,2232.00, the strongest level since February 17, before ending at $1,227.60, up $2.30, or 0.19%.
Prices were likely to find support at $1,210.60, the low from May 15, and resistance at $1,236.70, the high from February 17.
Also on the Comex, silver futures for July delivery dropped 28.5 cents, or 1.61%, to trade at $17.44 a troy ounce. On Monday, silver jumped to $17.77, a level not seen since February 3, before closing at $17.73, up 16.9 cents, or 0.96%.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.7% to hit 94.89, moving off last week's four-month low of 93.16.
Elsewhere in metals trading, copper for July delivery slumped 3.4 cents, or 1.15%, to trade at $2.873 a pound.