India, Feb. 24 -- Gold prices retreated from a three-week high on Tuesday as an uptick in the U.S. dollar index prompted traders to book profits at higher levels.
Spot gold fell 1.1 percent to $5,170.15 an ounce while U.S. gold futures were down 0.7 percent at $5,188.24.
Pressure from stronger dollar weighed on bullion after Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next policy meeting in March.
Citing last month's pickup in hiring, he said that it's a "coin flip" on whether the Fed will cut its main interest rate at its next meeting in March or stand pat again.
Traders also pondered the latest geopolitical developments as well as U.S. t...