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1st LD Writethru: Gold down on strong equities

Xinhua, April 15, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the U.S. equities strengthened.

The most active gold contract for June delivery fell 6.7 U.S. dollars, or 0.56 percent, to settle at 1,192.60 dollars per ounce.

Gold came under pressure as U.S. equities strengthened ahead of the release of quarterly earnings reports of big companies.

The Commerce Department reported Tuesday that retail sales in March added 0.9 percent after dropping 0.5 percent in February. The figure was slightly lower than the market expectations of the 1.1 percent gain, giving gold some boost.

However, the U.S. dollar index, a measure of the dollar against a basket of major currencies, was down 0.76 percent to 98.75 in late trading.

Silver for May delivery fell 13 cents, or 0.80 percent, to close at 16.161 dollars per ounce. Platinum for July delivery dropped 0.2 dollars, or 0.02 percent, to close at 1,153.70 dollars per ounce. Endite