Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as the U.S. dollar rose against the euro and other major currencies.
The most active gold contract for December delivery went down 9.40 cents, or 0.73 percent, to close at 1,269.60 U.S. dollars per ounce.
The European Central Bank announced on Thursday said it will keep interest rates unchanged and reduce its bond-buying program to 30 billion euros a month till the end of September at least.
The move, which was interpreted as "dovish" by analysts, led to the devaluation of the euro against the U.S. dollar.
The U.S. dollar index, in turn, climbed more than one percent against other major currencies.
The Dow Jones Industrial Average rose 100.45 points, or 0.43 percent, to reach 23,429.91 points as of 1645 GMT.
When the U.S. dollar strengthens and equities post gains, the prices of gold usually go down.
As for other precious metals, silver for December delivery fell 11.4 cents, or 0.67 percent, to close at 16.811 dollars per ounce. Platinum for next January went down 4.6 dollars, or 0.50 percent, to settle at 922.10 dollars per ounce.
The most active gold contract for December delivery went down 9.40 cents, or 0.73 percent, to close at 1,269.60 U.S. dollars per ounce.
The European Central Bank announced on Thursday said it will keep interest rates unchanged and reduce its bond-buying program to 30 billion euros a month till the end of September at least.
The move, which was interpreted as "dovish" by analysts, led to the devaluation of the euro against the U.S. dollar.
The U.S. dollar index, in turn, climbed more than one percent against other major currencies.
The Dow Jones Industrial Average rose 100.45 points, or 0.43 percent, to reach 23,429.91 points as of 1645 GMT.
When the U.S. dollar strengthens and equities post gains, the prices of gold usually go down.
As for other precious metals, silver for December delivery fell 11.4 cents, or 0.67 percent, to close at 16.811 dollars per ounce. Platinum for next January went down 4.6 dollars, or 0.50 percent, to settle at 922.10 dollars per ounce.
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