Gold futures sank on Tuesday, as a rally in the U.S. dollar dulled demand for the metal, pushing prices away from a more than three-month high to their lowest settlement in a week.Gold for June delivery on Comex GCM5, +0.17% dropped $20.90, or 1.7%, to settle at $1,206.70 an ounce. Prices had seen a five-session streak of gains that ended Monday with a close at $1,227.60 — the highest for a most-active contract since Feb. 10.
July silver SIN5, +0.05% also dropped 66.1 cents, or 3.7%, to $17.071 an ounce.
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