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Gold Futures Fall On Stronger U.S. Dollar, Eased Geopolitical Tensions
 

Gold futures on the COMEX division of the New York Mercantile Exchange fell slightly on Thursday, as the U.S. dollar drifted higher and geopolitical tensions between the United States and the Democratic People's Republic of Korea eased.

The most active gold contract for June delivery went down 4.7 U.S. dollars, or 0.35 percent, to close at 1,348.8 dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went up 0.31 percent to 89.903 as of 2000 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 fell 0.9 cent, or 0.05 percent, to settle at 17.239 dollars per ounce. Platinum for July was down 5.7 dollars, or 0.6 percent, to close at 940.1 dollars per ounce.


(www.chinaview.cn 2018-04-20)
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