CHICAGO, March 7 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday, as the U.S. dollar rebounded from a decline in the previous session.
The most active gold contract for April delivery went down 7.6 dollars, or 0.57 percent, to close at 1,327.6 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.22 percent to 89.63 as of 1830 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall.
As for other precious metals, silver for May delivery dropped 29 cents, or 1.73 percent, to settle at 16.494 dollars per ounce. Platinum for April went down 17.4 dollars, or 1.79 percent, to close at 953.2 dollars per ounce.
