Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Thursday, as the U.S. dollar strengthened.
The most active gold contract for December delivery went down 9.3 dollars, or 0.77 percent, to close at 1,194 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, rose 0.62 percent to 95.65 as of 1945 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes up, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for September delivery fell 20.8 cents, or 1.41 percent, to settle at 14.542 dollars per ounce. Platinum for October dropped 15.3 dollars, or 1.93 percent, to close at 793.7 dollars per ounce.
The most active gold contract for December delivery went down 9.3 dollars, or 0.77 percent, to close at 1,194 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, rose 0.62 percent to 95.65 as of 1945 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes up, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for September delivery fell 20.8 cents, or 1.41 percent, to settle at 14.542 dollars per ounce. Platinum for October dropped 15.3 dollars, or 1.93 percent, to close at 793.7 dollars per ounce.
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