facebook
twitter
rss
account
search
search
 

Gold drops modestly

May 22, 2012 at 7:18 PM   |   Comments

NEW YORK, May 22 (UPI) -- Gold futures fell Tuesday, dropping $12.10 to $1,576.60 per troy ounce on the Comex division of the New York Mercantile Exchange.

The dollar undermined commodities, as the dollar index rose 0.86 percent in the International Exchange, making items priced in U.S. dollars more expensive to foreigners.

On the day, silver shed 14 cents to $28.17 an ounce.

The euro fell to $1.2674 from Monday's $1.2684. Against the yen, the dollar rose to 79.96 yen from 79.01 yen.

The British pound was $1.5766 from $1.576. The dollar was 1.0213 Canadian dollars from 1.0207 Canadian.

© 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
North Dakota gets more gas processing capacity
2
Russia to take rubles, yuan for oil
3
Snapchat is worth $10 billion now
4
Navy contracts for F-35-related construction work
5
France receives upgraded aerial tanker
Trending News
Video
x
Feedback