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Gold slides on dollar's strength

Nov. 27, 2012 at 7:02 PM   |   Comments

NEW YORK, Nov. 27 (UPI) -- Gold prices dropped on the Comex division of the New York Mercantile Exchange Tuesday as the dollar index rose 0.31 percent.

The prorated measure of the U.S. dollar rose to 80.37 on the International Exchange with the dollar broadly higher in Europe and mixed in Asia.

Gold ended Tuesday's session off $5.30 at $1,744.30 per troy ounce. Silver lost 13 cents to close at $34.10.

The euro fell to $1.2939 from Monday's $1.2972. The dollar rose to 82.12 yen from 82.08 yen.

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