Spot gold fell 0.4 percent to $1,321.20 an ounce by 0306 GMT. It hit a 3-week high of $1,330.90 on Monday.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a good measure of investor sentiment, said its holdings rose 1.80 tonnes to 806.22 tons on Monday.
Today's Trend for Gold
Trend: Consolidate | Strategy: Buy on dips
R1- 28980, R2- 29350| S1-28450, S2- 28050
Silver for immediate delivery fell 0.6 percent to $19.866 an ounce. Silver futures for May delivery were down 0.50% on Friday to settle the week at $19.99 a troy ounce, paring the week's gains back to 0.29%.
Trend: Consolidate | Strategy: Sell on high
R1- 43850, R2- 44500| S1-42350, S2- 41180