CHICAGO, Nov. 1 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange on Thursday settled at the highest level in more than three months, as a leading dollar index suffered a sharp retreat.
The most active gold contract for December delivery surged 23.6 U.S. dollars, or 1.94 percent, to close at 1,238.6 dollars per ounce.
The dollar index, which measures the greenback against six major peers, decreased 0.88 percent to 96.2756 at 1900 GMT.
Gold usually moves in opposite directions 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 added 49.5 cents, or 3.47 percent, to settle at 14.777 dollars per ounce. Platinum for 2019 January rose 19.8 dollars, or 2.35 percent, to close at 862.8 dollars per ounce.