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.

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