Gold prices dip as dollar gains against other currencies; overall quiet day for commodities

Gold prices fall as dollar gains strength

DENVER — Gold prices are falling as the dollar gains against other currencies.

Other commodities were mixed in Monday trading. Crude oil inched up while natural gas fell on concerns about large supplies and warmer weather on the way.

The ICE Futures US dollar index, a closely watched gauge of the dollar against other currencies, rose for most of the day.

Commodities tend to move opposite to the dollar. A rising U.S. currency makes dollar-denominated commodity contracts less appealing to foreign investors.

Gold for April delivery fell 1 percent to settle at $1,124 an ounce after hovering in the $1,100-an-ounce range since Feb. 25.