" CHICAGO Alshon Jeffery Limited Jersey , Sept. 18 (Xinhua) -- Gold futures on the COMEX divisionof the New York Mercantile Exchange fell more than 1 percent onMonday as worries about tensions between the U.S. and theDemocratic People's Republic of Korea continued to fade, withinvestors turning back to equities and other assets seen asriskier.
The most active gold contract for December delivery dropped 14.4dollars, or 1.09 percent, to settle at 1,310.8 dollars perounce.
Easing tensions on the Korean peninsula reduced gold'ssafe-haven bid. Gold is down on risk-off market action with recordhighs for benchmark U.S. stock indexes helping to push gold pricesto their lowest level in more than three weeks, analysts said.
Gold also moved sharply lower as the U.S. dollar Index rose 0.22percent to 92.09 as of 1910 GMT. Gold and the dollar typically movein opposite directions, as gold priced in greenbacks is lessattractive to investors using another currency.
As for other precious metals Jordan Hicks Limited Jersey ,silver for December deliverydropped 54.5 cents, or 3.08 percent to close at 17.156 dollars perounce. Platinum for October fell 10.7 dollars, or 1.1 percent, tosettle at 961.1 dollars per ounce. Enditem
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