Gold slides Wednesday

Dec. 19, 2012 at 5:08 PM

NEW YORK, Dec. 19 (UPI) -- Gold futures dropped on the Comex division of the New York Mercantile Exchange Wednesday with the dollar index little changed.

Gold dropped $1.90 or 0.11 percent to $1,669 per troy ounce. Gold over the past week has lost $42 or 2.45 percent. A week ago Wednesday, gold was priced at $1,711.

Silver for March delivery shed 54 cents or 1.72 percent to $31.13 an ounce. Over the past week, silver has dropped further than gold, giving up 6.8 percent or $2.30.

The euro fell to $1.3226 from Tuesday's $1.3229. The dollar rose to 84.4 yen from 83.20 yen.

The Australian dollar fell to $1.0482 from $1.0535. The U.S. dollar rose to 0.9886 Canadian from 0.9857 Canadian. The British pound fell to $1.6247 from $1.6252.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Finland orders anti-tank weapon from Saab
Oil prices drop on Greek, Iran concerns
North Dakota rig data suggests stability
Orbital ATK's artillery guidance kit passes milestone test
Activists deploy against Shell's arctic plans