facebook
twitter
search
search

Gold prices fall on stronger dollar

July 10, 2012 at 8:10 PM

NEW YORK, July 10 (UPI) -- Gold futures fell Tuesday on the New York Mercantile Exchange as the dollar strengthened, analysts said.

August gold fell $9.30, or 0.6 percent, to $1,579.80 on the Comex division of the New York Mercantile Exchange.

Silver prices also dropped, with September silver at $26.88, down 56 cents.

The euro was $1.2257 late Tuesday from $1.2249 late Monday. Against the yen, the dollar fell to 79.32 yen from 79.43 yen.

The British pound was $1.5517 from $1.5527.

The Intercontinental Exchange Dollar Index was slightly higher at 83.36 from Monday's 83.35.

Related UPI Stories
Latest Headlines
Trending Stories
N.H. primary polls open: Kasich, Sanders get early leads
5 Reasons why Denver Broncos won't be repeat champions
U.N. report: Syria's Assad guilty of 'inhuman' crimes, gruesome torture, deaths
On heels of E. coli outbreaks, Chipotle spending millions for new ingredient safeguards
Hugh Jackman shows photo of his latest skin cancer treatment