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Gold futures fall as U.S. dollar strengthens

CHICAGO
2018-09-19 08:48

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 Sept. 18 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday, as the U.S. dollar ticked up and U.S. equities rose, denting investment interest in the precious metal.

The most active gold contract for December delivery dropped 2.9 U.S. dollars, or 0.24 percent, to close at 1,202.9 dollars per ounce.

The U.S. dollar index, which measures the greenback against six rivals, went up 0.15 percent to 94.66 as of 1910 GMT.

Gold usually moves in the opposite direction with the U.S. dollar, which means if the dollar goes strong, 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 December delivery fell 3.8 cents, or 0.27 percent, to settle at 14.185 dollars per ounce. Platinum for October went up 14 dollars, or 1.75 percent, to close at 814.9 dollars per ounce. Enditem
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