CHICAGO, June 28 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as the U.S. dollar extended its decline, but strength in U.S. equities and Treasury yields served to cap the metal's upside.
The most active gold contract for August delivery rose 2.2 U.S. dollars, or 0.18 percent, to settle at 1,249.10 dollars per ounce.
Th U.S. Dollar Index was off 0.4 percent at 96.02 as of 1930 GMT as gold prices settled, leaving it down more than one percent for the week.
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 own, gold futures will rise.
But dollar weakness has provided only modest support for gold, which remains down 0.6 percent so far this week.
The boost from a weaker currency was partly offset by gains in the U.S. stock market Wednesday, which benefited from a rally in financial shares, as well as by rising Treasury yields.
As for other precious metals, silver for July delivery went up 13.9 cents, or 0.84 percent, to close at 16.727 dollars per ounce. Platinum for July delivery added 3 dollars, or 0.33 percent, to settle at 921.7 dollars per ounce. Enditem
