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Gold inches higher

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Published: April 23, 2012 at 6:59 PM

NEW YORK, April 23 (UPI) -- Gold prices Friday turned modestly higher for the third consecutive trading day Monday, as investors scurried for safer ground with equities in a slump.

Gold added $6.10 on the Comex division of the New York Mercantile Exchange to reach $1,638.70 per troy ounce.

Silver turned higher. After dropping Friday, silver added 29 cents to reach $30.89 on the exchange.

The euro fell to $1.3153 from Friday's $1.3158, while the British pound fell to $1.6122 from $1.6033.

Against the Japanese yen, the dollar fell to 81.16 yen from 81.19 yen. The dollar was at 7.7604 Hong Kong dollars from 7.7616.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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