Gold falls over rising equities, stronger dollar

CHICAGO, April 26 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday for the second straight session as U.S. dollar further strengthened and equities rallied.

The most active gold contract for June delivery went down 4.90 dollars, or 0.37 percent, to settle at 1317.90 dollars per ounce.

The U.S. dollar index, a measure of the dollar against a basket of other major currencies, rose 0.23 percent to 91.47 as of 17:18 GMT.

Gold and the dollar typically move in opposite directions. When the dollar goes up, it will limit the demand for dollar-priced gold, especially for investors using other currencies.

Additional pressure came from the stock market. Dow Jones Industrial Average rose 263.15 points, or 1.09 percent as of 17:28 GMT. When equities post gains, the precious metal usually goes down, as investors are lured to the stock market.

As for other precious metals, silver for May delivery fell 1.1 cents, or 0.07 percent, to settle at 16.491 dollars per ounce. Platinum for July went down 2.6 dollars, or 0.28 percent, to close at 910.10 dollars per ounce. Enditem