Business News

Gold, silver end the day lower

Published: Dec. 20, 2012 at 7:03 PM

NEW YORK, Dec. 20 (UPI) -- Gold futures closed lower Thursday on the Comex division of the New York Mercantile Exchange.

Gold for February delivery dropped $21.80 or 1.3 percent to $1,645.90 an ounce.

Silver for March delivery shed $1.44 or 4.6 percent to $29.68 an ounce, the lowest price since August.

The euro was trading at $1.3237 from Wednesday's $1.3244. The dollar rose to 84.44 against the Japanese yen, up from Wednesday's 84.39 yen.

The Australian dollar was unchanged at $1.0482. The British pound fell to $1.6276 from Wednesday's $1.6280.

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