facebook
twitter
search
search

Gold gains checked by stock rally

June 6, 2012 at 5:37 PM

NEW YORK, June 6 (UPI) -- Gold futures rose modestly Wednesday with gains held in check by a strong day in equity markets.

The Dow Jones industrial average posting its largest advance of the year, as investors ignored gold's role as a safe haven in favor of riskier bets on Wall Street.

Gold added $4 to $1,620.90 per troy ounce on the Comex division of the New York Mercantile Exchange. Silver gained 96 cents to $29.37 per troy ounce, as the dollar index fell 0.72 percent to 82.19 on the International Exchange.

The euro rose to $1,2565 from Tuesday's $1.2453. Against the yen, the dollar rose to 79.24 yen from Monday's 78.75 yen.

The British pound was $1.5489 from $1.5383. The dollar was 1.0279 Canadian dollars from 1.0377 Canadian.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules