Gold futures fall on stronger greenback

CHICAGO, April 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Monday, as the U.S. dollar edged higher.

The most active gold contract for June delivery went down 4.2 U.S. dollars, or 0.32 percent, to close at 1,319.2 dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went up 0.24 percent to 91.77 as of 1900 GMT.

Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall.

The central bank's policy makers are slated to start a two-day meeting on Tuesday, and they are expected on Wednesday to leave interest rates on hold and signal no change to a tightening path of two more rate hikes in 2018.

As for other precious metals, silver for May delivery fell 9.6 cents, or 0.58 percent, to settle at 16.401 dollars per ounce. Platinum for July was down 12 dollars, or 1.31 percent, to close at 904.4 dollars per ounce. Enditem