Gold futures on the COMEX division of the New York Mercantile Exchange slipped on Monday as the U.S. dollar stayed firm and equities continued to rise.
The most active gold contract for December delivery fell 1.6 dollars, or 0.12 percent, to close at 1,303.00 dollars per ounce.
The U.S. dollar index, a gauge of the greenback against a basket of other major currencies, rallied towards the end of the first gold futures session this week. It rose 0.19 percent to 93.32 as of 1844 GMT.
Investors had seen a weaker U.S. dollar last week as uncertainty over the next interest-rate hike prevailed.
Gold received additional pressure as the U.S. Dow Jones Industrial Average went up 54.40 points, or 0.24 percent as of 1720 GMT. When equities post gains, the precious metal usually goes down, as investors are not necessarily looking for safe haven.
As for other precious metals, silver for December delivery fell 4.2 cents, or 0.24 percent, to close at 17.369 dollars per ounce. Platinum for next January went down 5.80 dollars, or 0.61 percent, to settle at 942.10 dollars per ounce.
The most active gold contract for December delivery fell 1.6 dollars, or 0.12 percent, to close at 1,303.00 dollars per ounce.
The U.S. dollar index, a gauge of the greenback against a basket of other major currencies, rallied towards the end of the first gold futures session this week. It rose 0.19 percent to 93.32 as of 1844 GMT.
Investors had seen a weaker U.S. dollar last week as uncertainty over the next interest-rate hike prevailed.
Gold received additional pressure as the U.S. Dow Jones Industrial Average went up 54.40 points, or 0.24 percent as of 1720 GMT. When equities post gains, the precious metal usually goes down, as investors are not necessarily looking for safe haven.
As for other precious metals, silver for December delivery fell 4.2 cents, or 0.24 percent, to close at 17.369 dollars per ounce. Platinum for next January went down 5.80 dollars, or 0.61 percent, to settle at 942.10 dollars per ounce.
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