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Gold shines as equities look drab

WASHINGTON, June 6 (UPI) -- Gold futures nudged higher Monday as equities continued to slip on Wall Street, pushing investors into commodity markets.

Gold added $1.90 on the Comex division of the New York Mercantile Exchange to reach $1,544.30 per troy ounce, while the Dow Jones industrial average fell 61.3 points to 12,089.96, the S&P 500 was down 13.99 to 1,286.17 and Nasdaq dropped 30.22 to 2,702.56.

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July delivery crude oil prices slipped modestly to reach $98.86 per barrel.

The euro fell to $1.4568 from Friday's $1.4634. Against the yen, the dollar fell to 80.13 yen from Friday's 80.13 yen.

The dollar index rose 0.3 percent to 74 even with the dollar mixed in Asia and lower in Europe.

The dollar rose to 7.7801 Hong Kong dollars from 7.7785 HKD. Against the Indian rupee, the dollar fell to 44.82 rupees to 44.823 rupees.

In Europe, the British pound rose to $5.94 from Friday's $1.6428. The U.S. dollar rose to 0.98 Canadian dollars from Friday's 0.9783 Canadian.

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