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Gold Futures Fall as U.S. Dollar Strengthens - Sept. 14

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday, as some upbeat U.S. economic data provided support for the U.S. dollar.

The most active gold contract for December delivery went down 7.1 U.S. dollars, or 0.59 percent, to close at 1,201.1 dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went up 0.41 percent to 94.93 as of 1910 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 fell 10.2 cents, or 0.72 percent, to settle at 14.142 dollars per ounce. Platinum for October went down 4.7 dollars, or 0.59 percent, to close at 798.6 dollars per ounce.

(www.chinaview.cn 2018-09-17)