CHICAGO, May 19 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Friday while New York stocks rallied.
The most active gold contract for June delivery rose 80 cents, or 0.06 percent, to settle at 1,253.60 dollars per ounce.
Gold was given support as the U.S. dollar index fell 0.77 percent to 97.02 as of 1828 GMT.
The index is a measure of the dollar against a basket of other major currencies. Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures will rise.
The precious metal was prevented from rising further as the U.S. Dow Jones Industrial Average climbed 175.56 points, or 0.85 percent to 20,838.58 as of 1837 GMT. Analysts note that when equities post gains, gold usually goes down.
The two-day rally in Wall Street took place following a deep plunge on Wednesday, when investors feared that political turmoil in Washington would threaten President Donald Trump's ambitious economic growth programs, including tax cuts and regulatory reform.
As for other precious metals, silver for July delivery rose 12.6 cents, or 0.76 percent, to close at 16.796 dollars per ounce. Platinum for July delivery climbed 3.4 dollars, or 0.36 percent, to settle at 940.2 dollars per ounce. Enditem
