CHICAGO, April 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar rose for a third trading session.
The most active gold contract for June delivery fell 38.3 U.S. dollars, or 1.98 percent, to close at 1,896 dollars per ounce.
Market analysts believe gold's recent fall can be attributed to the appeal of other safe-haven assets, say higher dollar and U.S. Treasury 10-year note, as gold is a non-interest bearing asset.
Interest-rate hikes by the Federal Reserve have been guaranteed in May and June and are highly likely in July, this has supported U.S. dollar.
Silver for May delivery fell 58.9 cents, or 2.43 percent, to close at 23.67 dollars per ounce. Platinum for July delivery fell 22.4 dollars, or 2.42 percent, to close at 905 dollars per ounce.