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Gold slides 0.9 percent Tuesday

May 29, 2012 at 5:31 PM   |   Comments

NEW YORK, May 29 (UPI) -- Gold futures for June delivery were off 0.9 percent Tuesday to $1,556.80 per troy ounce on the Comex division of the New York Mercantile Exchange.

Silver futures for July delivery were off 56 cents to $27.82 per troy ounce.

The U.S. dollar continued to rise. After hitting its highest level since 2010 on Friday, the dollar index moved higher, up 0.21 percent to 82.39 on the International Exchange.

The euro continued to slide against the U.S. dollar, hitting $1.2498 from Friday's $1.2542. Against the yen, the dollar reached 79.50 from 79.47 yen.

The British pound was $1.5639 from $1.5683. The dollar was 1.0225 Canadian dollars from 1.0238 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.
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