CHICAGO, Oct. 2 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell Monday as the U.S. dollar and equities strengthened.
The most active gold contract for December delivery went down 9 U.S. dollars, or 0.70 percent, to close at 1,275.80 dollars per ounce. The settlement was the lowest since August 8.
The U.S. dollar index, a measure of the greenback against a basket of other major currencies, was up 0.56 percent to 93.62 as of 1724 GMT.
Gold and the dollar typically move in opposite directions. When the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors.
The precious metal was also dragged down as the U.S. Dow Jones Industrial Average climbed 131.62 points, or 0.59 percent as of 1747 GMT.
The mass shooting in U.S. Las Vegas, which left at least 58 dead and 515 wounded, failed to prompt safe-heaven demand for gold.
Pressure for gold also came from U.S. treasury yields which climbed on increased expectations for further rate hikes by the Federal Reserve later this year.
As for other precious metals, silver for December delivery went down 2.2 cents, or 0.13 percent, to close at 16.654 dollars per ounce. Platinum for next January rose 1.10 dollars, or 0.12 percent, to settle at 916.60 dollars per ounce. Enditem
