Gold futures fall as U.S. dollar goes strong

Source: Xinhua| 2018-05-26 03:48:51|Editor: huaxia
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CHICAGO, May 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell slightly on Friday, as the U.S dollar went strong.

The most active gold contract for June delivery went down 0.7 dollars, or 0.05 percent, to close at 1,303.7 dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went up 0.44 percent to 94.15 as of 1930 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 July delivery fell 14.1 cents, or 0.84 percent, to settle at 16.546 dollars per ounce. Platinum for July dropped 11.3 dollars, or 1.24 percent, to close at 901.3 dollars per ounce. Enditem

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