The dollar rallied and gold prices tumbled Tuesday in response to comments by the chairman of the Federal Reserve that bolstered the greenback. One euro was buying $1.543, down from $1.554 on Monday. The dollar was trading for 105.44 Japanese yen, up from 104.40 yen previously, and the British pound was selling for $1.9612 vs. $1.9652 in the prior session. Benchmark bullion futures were shedding $14 at $883 an ounce in recent trading on the Comex division of the New York Mercantile Exchange. The price of gold tends to move in the opposite direction of the U.S. currency. "We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations and will continue to formulate policy to guard against risks," said Fed chief Ben Bernanke, in a speech Tuesday to the International Monetary Conference in Barcelona. Analysts and traders took the speech to mean that the Fed will likely hold off on cutting interest rates again in an effort to stem the decline in the greenback. "The length of time spent talking about the dollar and saying that policymakers were 'attentive' to the dollar triggered widespread dollar buying and triggering stops along the way," wrote Marc Chandler, a currency strategist at Brown Brothers Harriman in New York, in a research report. The CurrencyShares Euro Trust ( FXE - Get Report) and the CurrencyShares Japanese Yen Trust ( FXY - Get Report) were both off 0.6%. The CurrencyShares British Pound Sterling ( FXB - Get Report) was losing 0.1%. The SPDR Gold Trust ( GLD - Get Report), which holds bars of solid gold bullion, was losing 1.3% in recent trading on the New York Stock Exchange. The falling prices in the metals patch weighed on the miners, with Golden Star Resources ( GSS - Get Report) and Gold Fields ( GFI) leading the way lower, off 1.9% and 1.8%, respectively.