CHICAGO, April 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose moderately on Monday as the U.S. dollar softened.

The most active June gold was up 1.60 U.S. dollars, or 0.13 percent, to close at 1,277.60 dollars per ounce.

The U.S. dollar index, which measures the greenback against six major peers, retreated 0.1 percent to 97.28 as of 1718 GMT, shortly before gold's settlement.

Gold and the dollar typically move in opposite directions. If the dollar goes down, gold futures will rise as gold, priced in the dollar, becomes less expensive for investors holding other currencies.

Tensions between the United States and Iran also supported appeal for safe-haven asset gold, said market analysts.

President Donald Trump has decided not to reissue sanctions waivers allowing major importers to continue buying Iran's oil when they expire in early May, the White House said on Monday.

U.S. Secretary of State Mike Pompeo has also threatened to reimpose sanctions on all countries that import oil from Iran since May 2.

Washington's new move has raised concerns about higher oil price.

Meanwhile, the fall of the Dow Jones Industrial Average on Monday limited the rise of gold.

As for other precious metals, silver for May delivery was up 2 cents, or 0.13 percent to settle at 14.975 dollars per ounce. Platinum for July delivery was down 1.5 dollars, or 0.17 percent, to close at 902.20 dollars per ounce. Enditem

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