CHICAGO, Feb. 5 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar index and Treasury yields rose.
The most active gold contract for April delivery fell 10.80 U.S. dollars, or 0.53 percent, to close at 2,042.90 dollars per ounce.
Chicago Fed President Austan Goolsbee said in an interview with Bloomberg Television on Monday that if the economic data continue on the current track, the Federal Reserve should be well on the way to the path to normalization.
Nevertheless, market consensus is that the Fed is unlikely to start raising rates at its March meeting.
Economic data released on Monday also dampened gold. S&P Global's U.S. services purchasing managers' index (PMI) came in at a reading of 52.5 in January, up from 51.4 in December.
The Institute for Supply Management's Services PMI came in at 53.4 percent in January, indicating that economic activity in the services sector has expanded for the 13th consecutive month.
Silver for March delivery fell 37.40 cents, or 1.64 percent, to close at 22.422 dollars per ounce. Platinum for April delivery rose 1.90 dollars, or 0.21 percent, to close at 903.50 dollars per ounce.
