NEW YORK, May 9 (UPI) -- Gold prices dropped again Wednesday, sliding below $1,600 and hitting their lowest point of the year on the Comex division of the New York Mercantile Exchange.
As the dollar index rose and equities headed south, gold shed $10.30 to $1,594.20 per troy ounce. That's the lowest since Dec. 30 when it was at $1,565.30.
Silver shed 21 cents to $29.24 per ounce.
The dollar index rose 0.36 percent to 80.15 on the International Exchange, although the greenback was mixed in Asia and Europe.
The euro fell to $1.2934 from Tuesday's $1.3007. Against the yen, the dollar fell to 79.64 yen from 79.87 yen.
The British pound rose to $1.6131 from $1.6128. The dollar fell to 1.0023 Canadian dollars from 1.0024 Canadian.
The dollar dropped against the Hong Kong dollar, trading at 7.7633 from 7.7637. The Australian dollar fell to $1.0042 from $1.0051.
|Additional Business News Stories|
TEL AVIV, Israel, May 17 (UPI) --Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.