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Gold again tops $1,700

Sept. 6, 2012 at 5:41 PM   |   Comments

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NEW YORK, Sept. 6 (UPI) -- Gold topped $1,700 a troy ounce Thursday on the Comex division of the New York Mercantile Exchange, gaining for the fourth consecutive trading session.

Gold rose along with equities as the European Central Bank's bond buying program, announced in the morning, found favor among investors.

Gold added $9.70 to close at $1,703.70 a troy ounce while silver added 37 cents to $32.70.

The dollar index fell 0.16 percent to 81.11.

The Canadian dollar fell to 99.28 cents and the British pound rose to $1.5934 while the euro rose to $1.2634 and the dollar rose to 78.88 yen.

© 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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