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, July 21 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose for the sixth consecutive session on Friday as the U.S. dollar dived.
The index is a measure of the dollar against a basket of other major currencies. Gold and the dollar typically move in opposite directions, which means if the dollar goes down Zack Martin Cowboys Jersey
, gold futures will rise.
Meanwhile, the Dow Jones Industrial Average went down 41.58 points Tyron Smith Cowboys Jersey
, or 0.19 percent, to 21,570.20 as of 1741 GMT. When equities post losses, the gold futures usually rise.
As for other precious metals,silver for September delivery rose 11.2 cents, or 0.69 percent Demarcus Lawrence Cowboys Jersey
, to close at 16.457 dollars per ounce. Platinum for October increased 4.2 dollars, or 0.45 percent, to settle at 937.40 dollars per ounce.
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