facebook
twitter
search
search

Gold pushes a touch higher

Nov. 16, 2012 at 6:18 PM

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.

Related UPI Stories
Latest Headlines
Trending Stories
Einstein vindicated: Scientists find gravitational waves
Vatican: Bishops not required to report abuse to police
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Dementia rates decline in U.S., researchers unsure why
'El Chapo' drug empire's alleged financial operator arrested in Mexico