facebook
twitter
search
search

Gold slides Wednesday

Dec. 12, 2012 at 7:03 PM

NEW YORK, Dec. 12 (UPI) -- Gold futures lower Wednesday on the Comex division of the New York Mercantile Exchange, losing $6.90 to $1,711 per troy ounce.

Silver for March delivery was down 1 percent, or 36 cents, to $33.43 an ounce.

The euro rose to $1.3066 from Tuesday's $1.3006. The dollar rose to 83.19 yen from 82.51 yen.

The U.S. Federal Reserve said it would extend its "Operation Twist" program come January, when its current program ends. It also said it would extend its asset purchasing at the current pace of $85 billion per month in Treasury notes and mortgage-backed securities.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Bleak outlook for oil has Russian investors pulling back
Shoot-from-the-hip, around corner sighting capability unveiled
Rhode Island to get offshore wind farm
Oil prices off slightly after China stock market decline
Airbus Helicopters announces factory acceptance of training aircraft