CHICAGO, Nov. 8 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange edged lower on Friday, as the precious metal was pressured by a stronger U.S. dollar.
The most active gold contract for December delivery fell 3.5 U.S. dollars, or 0.24 percent, to close at 1,462.9 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.24 percent to 98.38 as of 1830 GMT.
Gold usually trends in the opposite direction of the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery decreased 18.7 cents, or 1.1 percent, to close at 16.823 dollars per ounce; platinum for January delivery dropped 20.9 dollars, or 2.29 percent, to settle at 893.1 dollars per ounce. Enditem
