Business News

Gold slides, down 0.36 percent

Published: Nov. 13, 2012 at 5:45 PM

NEW YORK, Nov. 13 (UPI) -- Gold fell slightly Tuesday, giving up $6.20 or 0.36 to settle at $1,724.70 a troy ounce on the Comex division of the New York Mercantile Exchange.

Silver gave up 4 cents to $32.48 per ounce, off 0.13 percent.

With the dollar index up 0.05 percent on the International Exchange, gold dropped for the second consecutive trading session. It is correcting lower after a two-week long buildup before the Nov. 6 election.

The euro fell to $1.27 from Monday's $1.2709. Against the yen, the dollar was 79.42 from 79.49 yen.

The dollar was mixed in Asia and broadly higher in Europe. The British pound fell to $1.5868 from $1.5877, while the U.S. dollar rose to 1.0023 Canadian dollar from 0.9998.

The Australian dollar rose to $1.043 from $1.0428. The dollar held unchanged at 54.885 Indian rupee and dropped to 7.7504 Hong Kong dollars from 7.7509.

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