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Gold slides Wednesday

Dec. 12, 2012 at 7:03 PM   |   Comments

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.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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