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Gold futures rise on weakened greenback

Source: Xinhua| 2018-01-24 04:51:34|Editor: Mu Xuequan
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CHICAGO, Jan. 23 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange settled higher Tuesday as the U.S. dollar hovered at three-year lows.

The most active gold contract for February delivery added 4.8 U.S. dollars, or 0.36 percent, to close at 1,336.70 dollars per ounce.

The U.S. dollar Index which measures the buck against a basket of six rivals, fell 0.2 percent to 90.206 as of 1930GMT, which is its lowest level since December 2014.

Gold, which is priced in dollar, often trades inversely with the dollar, as moves in the U.S. unit can influence the attractiveness of the precious metal to holders of other currencies.

As for other precious metals, silver for March delivery dropped 7.6 cents, or 0.45 percent, to settle at 16.913 dollars per ounce. Platinum for April rose 11 dollars, or 1.1 percent, to close at 1007.8 dollars per ounce.

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