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Gold Futures Fall On Stronger U.S. Dollar
 

Gold futures on the COMEX division of the New York Mercantile Exchange fell slightly on Tuesday, as the U.S dollar went strong.

The most active gold contract for June delivery went down 4.7 dollars, or 0.36 percent, to close at 1,299 dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went up 0.6 percent to 94.708 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 17.3 cents, or 1.05 percent, to settle at 16.373 dollars per ounce. Platinum for July added 4.6 dollars, or 0.51 percent, to close at 905.9 dollars per ounce.


(www.chinaview.cn 2018-05-30)
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