CHICAGO, May 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday, as the U.S. dollar went strong, Treasury yields rose.
The most active gold contract for June delivery went down 2.1 dollars, or 0.16 percent, to close at 1,289.4 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.17 percent to 93.51 as of 1930 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall.
Higher yields also dented demand for nonyielding bullion as the benchmark 10-year Treasury note hit its highest levels since 2011. The 10-year Treasury note yield was up 10 basis points at 3.11 percent.
As for other precious metals, silver for July delivery went up 11 cents, or 0.67 percent, to settle at 16.481 dollars per ounce. Platinum for July added 2.3 dollars, or 0.26 percent, to close at 892.1 dollars per ounce.
