Gold falls as U.S. dollar strengthens

By Xu JingUnreguser

CHICAGO, May 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as the U.S. dollar rose.

The most active gold contract for June delivery fell 19.1 U.S. dollars, or 1.02 percent, to close at 1,846.30 dollars per ounce.

Investors also awaited the release of the Federal Reserve's early May policy meeting for hints about its future policy course.

Shortly after gold's floor trading closed, the Federal Open Market Committee (FOMC) minutes came out, showing that most FOMC members believe inflation may no longer be worsening, and 50-basis-point rate hikes will be appropriate at the next couple of meetings.

The U.S. Commerce Department reported Wednesday that U.S. durable goods orders rose only 0.4 percent in April, slightly less than analysts had expected.

Silver for July delivery fell 19.3 cents, or 0.87 percent, to close at 21.87 dollars per ounce. Platinum for July delivery fell 13.6 dollars, or 1.44 percent, to close at 929.3 dollars per ounce.

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