Gold prices on Tuesday edged down but finished off their session low after Federal Reserve Chairwoman Janet Yellen gave testimony to Congress.Gold for April delivery GCJ5, +0.87% settled down $3.50, or 0.3%, at $1,197.30 an ounce. The contract dropped to an intraday low as Yellen’s prepared remarks hit, but then recovered much of that slide. Still, gold suffered a third straight session of declines, and it finished under the closely watched level of $1,200.
In other metals trading, March silver SIH5, +1.90% lost 6 cents to settle at $16.19 an ounce.
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