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Gold rises with dollar down Wednesday

NEW YORK, Jan. 12 (UPI) -- Gold prices rose Wednesday, as equities pushed higher on Wall Street and the dollar index dropped sharply, falling 1.03 percent.

On the Comex division of the New York Mercantile Exchange, gold added $3 per troy ounce to $1,387.30.

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February delivery light, sweet crude oil prices climbed for the third consecutive trading session. Boosted by a supply disruption in Alaska, crude oil added 75 cents to $91.86 per barrel.

The dollar dropped against the euro and the yen. The euro rose to $1.313 from Tuesday's $1.298. Against the yen, the dollar fell to 82.97 yen from Monday's 83.21 yen.

Against the Hong Kong dollar, the U.S. dollar rose to 7.7745 HKD from 7.7737 HKD. The dollar rose against the Israeli shekel but fell against most major currencies.

The dollar fell to 1,109 South Korean won from 1,126 won.

Against the Canadian dollar, the U.S. standard dropped to $0.9857 from $0.9898. The dollar rose to 0.9964 Australian dollars from Tuesday's 0.9875.

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