Business News

Gold rebounds modestly

Published: April 5, 2012 at 4:38 PM

NEW YORK, April 5 (UPI) -- Gold futures rebounded Thursday on the Comex division of the New York Mercantile Exchange with traders ignoring a stronger dollar.

Gold added $17.20 to reach $1,631.20 per troy ounce with the dollar index up 0.43 percent on the International Exchange.

Silver gained 60 cents to $31.64 an ounce.

The euro fell to 1.3062 from Wednesday's $1.3142. Against the yen, the dollar fell to 82.38 from Wednesday's 82.46 yen.

The British pound fell to $1.5825 from $1.5889. The dollar was 7.7641 Hong Kong dollars from 7.7647 Hong Kong dollars.

Against the Canadian dollar, the greenback fell to 0.9933 from 0.9962 Canadian. The Australian dollar rose to $1.0305 from $1.0269.

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