Gold futures mark first fall in six sessions

Gold futures settled lower on Tuesday, breaking a five-session streak of gains, as investors recouped some appetite for assets perceived as risky, even as Federal Reserve Chairwoman Janet Yellen described market upheaval as “less supportive to growth.”

April gold GCJ6, +1.19% shed $4, or 0.3%, to settle at $1,194.60 an ounce. Prices settled with their first loss in six sessions.

“Gold has had a nice run this past couple months and has taken a metaphorical huge breath in, to a point of being extremely overbought on a relative basis,” said Adam Koos, president of Libertas Wealth Management Group. “Gold needs to get its heart rate back down and take a rest before the next upswing will begin.”

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