CHICAGO, June 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar and U.S. treasury yields strengthened.
The most active gold contract for August delivery fell 43.7 U.S. dollars, or 2.33 percent, to close at 1,831.8 dollars per ounce.
Investors are looking towards the Federal Reserve's meeting on Wednesday for guidance. Market analysts are expecting a rate hike of 50 basis points when the Federal Reserve concludes its two-day policy meeting on Wednesday.
Some market analysts are also talking about the possibility of the Federal Reserve raising rates surprisingly by 75 basis points Wednesday.
Silver for July delivery fell 67.6 cents, or 3.08 percent, to close at 21.255 dollars per ounce. Platinum for July delivery fell 38.7 dollars, or 3.99 percent, to close at 932.3 dollars per ounce.