U.S. Dollar Index and Crude Prices

precious metal: The U.S. stocks dropped Monday as crude prices extended the loss, according to Xinhua China. Analysts noted that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when U.S. equities post gains. The most active gold contract for April delivery rose 40.2 U.S. dollars, or 3.47 percent, to settle at 1,197.90 dollars per ounce. The U.S. Dollar Index also fell Monday. Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors. The index is a measure of the dollar against a basket of major currencies. (news.financializer.com). As reported in the news.