facebook
twitter
rss
account
search
search
 

Gold drops $33.50

May 9, 2012 at 11:36 AM   |   Comments

NEW YORK, May 8 (UPI) -- Gold prices moved sharply lower on the Comex division of the New York Mercantile Exchange Tuesday as the dollar index rose and equities tumbled on Wall Street.

Gold shed $33.50 to $1,605.60 per troy ounce. Silver shed 69 cents to $29.43 per ounce.

The dollar index rose 0.38 percent to 79.84 on the International Exchange, as the dollar gained against all major currencies of Europe and most of Asia.

The euro fell to $1.3006 from Monday's $1.3051, while the dollar dropped to 79.86 yen from Monday's 79.89 yen.

The British pound fell to $1.6157 from $1.6189. The dollar rose to 0.9987 Canadian dollars from 0.9932 Canadian.

The dollar dropped against the Hong Kong dollar, trading at 7.7625 from 7.7635. The Australian dollar fell to $1.012 from $1.0198.

© 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.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
3
Hotel chain suspending sponsorship of Minnesota Vikings Hotel chain suspending sponsorship of Minnesota Vikings
4
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
5
Students hurt in high school lab fire Students hurt in high school lab fire
Trending News
Video
x
Feedback