By Barbara Kollmeyer
MADRID (MarketWatch) -- Gold prices were hovering above $1,600 an ounce on Tuesday, with an attempt at higher ground frustrated by the dollar, which was gaining ahead of a vote out of Cyprus on a controversial bailout and tax levy. The dollar also rose in wake of improved U.S. housing data. Gold prices for April delivery GCJ3 -0.10% fell $2.30 to $1,602 an ounce, while silver for May delivery SIK3 -0.22% fell 12 cents, or 0.5%, to $28.75 an ounce. The dollar index DXY +0.03% , measured by a trade-weighed basket of currencies,rose to 82.732 from from 82.639 in late North American trading on Monday.
