CHICAGO, May 23 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar fell.
The most active gold contract for June delivery rose 5.7 U.S. dollars, or 0.31 percent, to close at 1,847.80 dollars per ounce.
Speaking at the Rotary Club of Atlanta, Atlanta Federal Reserve President Raphael Bostic indicated on Monday that the economy may respond quickly to Federal Reserve's rate increases, which in turn helps curb demand and inflation.
Gold's growth was capped as all three major U.S. stock market indexes rose sharply, propelled by the prospect of the United States lowering tariffs on China.
Silver for July delivery rose 4.9 cents, or 0.23 percent, to close at 21.723 dollars per ounce. Platinum for July delivery rose 9.2 dollars, or 0.98 percent, to close at 950.3 dollars per ounce.