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Gold drops Thursday

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Published: Oct. 18, 2012 at 5:07 PM

NEW YORK, Oct. 18 (UPI) -- Gold for December slipped Thursday on the Comex division of the New York Mercantile Exchange as equities posted losses on Wall Street.

Gold closed at $1,742.20 per troy ounce, down $10.80. Silver shed 44 cent to $32.78.

The dollar was broadly higher in Asia and Europe with the dollar index up 0.42 percent to 79.37 on the International Exchange.

The euro fell to $1.3066 from Thursday's $1.312. Against the yen, the dollar rose to 79.26 yen from 78.97 yen.

The British pound fell to $1.6047, while the Canadian dollar fell to 98.58 cents.

The dollar dropped to 7.7502 Hong Kong dollar from 7.7513.

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