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U.S. markets recover from steep losses
NEW YORK, Jan. 27 (UPI) -- Gold prices rose modestly in New York Friday as the dollar fell against the euro and the yen.
On the Comex division of the New York Mercantile Exchange, gold gained $11.80 to reach $1,741.70 per troy ounce. Silver added 15 cents to hit $33.89 per ounce.
The dollar index fell 0.71 percent to 78.84. The euro stumbled when Fitch Ratings downgraded credit scores for five eurozone countries, then came back to $1.322 from Thursday's $1.3109. Against the yen, the dollar fell to 76.84 yen from Thursday's 77.45 yen.
The British pound rose to $1.5726 from $1.569. Against the Hong Kong dollar, the greenback was lower at 7.7544 from 7.7566.
The dollar held at 1.0019 Canadian dollars. The Australian dollar rose to $1.0657 from $1.0531.
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