CHICAGO, June 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange edged lower on Monday, as traders turned to profit taking after gains over four consecutive sessions.
The most active gold contract for August delivery went down 1.60 dollars, or 0.12 percent, to close at 1,342.90 U.S. dollars per ounce.
As of 1745 GMT, the Dow Jones Industrial Average rose 21.65 points, or 0.08 percent. The S&P 500 Index went up 1.73 points, or 0.06 percent, and the Nasdaq Composite Index was up 43.29 points, or 0.56 percent.
Gold usually moves in opposite directions with the U.S. equities. When the stock markets were on the rise, investors may stop buying safe-haven assets, such as gold.
The precious metal was also pressured by uncertainty ahead of a meeting of the U.S. Federal Reserve that's expected to offer hints on the central bank's plan on interest rates.
As for other precious metals, silver for July delivery was up 2.6 cents, or 0.18 percent, to settle at 14.829 dollars per ounce. Platinum for July delivery was down 10.1 dollars, or 1.26 percent, to close at 794.6 dollars per ounce. Enditem
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