Gold falls on stronger U.S. dollar

By Xu JingUnreguser

CHICAGO, Oct. 3 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday on a stronger U.S. dollar.

The most active gold contract for December delivery fell 5.70 U.S. dollars, or 0.31 percent, to close at 1,841.50 dollars per ounce.

Rising U.S. Treasury yields also dampened gold.

The U.S. Labor Department reported on Tuesday that U.S. job openings surged to 9.61 million in August from an upwardly revised 8.92 million in July. Economists had expected job openings to edge down to 8.80 million.

Atlanta Federal Reserve President Raphael Bostic said at an event in Atlanta Tuesday that he is not in a hurry to raise or reduce interest rates. "I want us to hold. I think that's the appropriate thing to do, for a long time."

The market focus is now on September non-farm payrolls data due out on Friday.

Silver for December delivery fell 4.40 cents, or 0.21 percent, to close at 21.377 dollars per ounce. Platinum for January delivery fell 7.20 dollars, or 0.81 percent, to close at 879.60 dollars per ounce.

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