CHICAGO, July 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday in correction.

The most active gold contract for August delivery fell 8 U.S. dollars, or 0.41 percent, to close at 1,956.40 dollars per ounce.

Gold ended Friday at its highest finish since mid-June and gained about 1.7 percent last week. Gold's rebound just needs to take a break until there is definite news about the Federal Reserve's rate policies.

Investors are looking forward to one more rate hike at the upcoming Federal Open Market Committee meeting on July 26.

The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York showed that the general business conditions index in July 2023 Empire State Manufacturing Survey fell 6 points to 1.1.

Silver for September delivery fell 17.60 cents, or 0.70 percent, to close at 25.018 dollars per ounce. Platinum for October delivery rose 3.20 dollars, or 0.33 percent, to close at 987.50 dollars per ounce.