NEW YORK, Nov. 16 (UPI) -- Gold prices rose higher Friday, although gains were muted as equities were suddenly attractive after a prolonged slump.
Stock markets made headway for only the second time since the Nov. 6 election. Investors were encouraged that the so-called "fiscal cliff" could be avoided as budget talks in Washington were described as constructive.
Gold added 90 cents or 0.05 percent to close at $1,714.70 per troy ounce on the Comex division of the New York Mercantile Exchange.
Silver closed lower, giving up 30 cents to $32.37 per ounce, off 0.93 percent.
The euro fell to $1.2743 from Thursday's $1.2781. Against the yen, the dollar rose to 81.31 from 81.16 yen.
On the International Exchange, the dollar index, a pro-rated measure of the dollar against six major currencies, rose 0.21 percent to 81.19.
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TEL AVIV, Israel, May 17 (UPI) --Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.