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Outrage over 2010 BP spill charge dismissal
NEW YORK, Dec. 28 (UPI) -- Gold and silver prices dropped in New York Friday concluding a choppy, up-and-down week for metals.
The budget impasse in Washington has is the primary concern among brokers. As equity markets dropped for the fifth consecutive session Friday, gold and silver slipped, indicating precious metals are not being viewed as the go-to safe haven during the current market uncertainty.
On the New York Mercantile Exchange, gold for February delivery shed $7.80 cents or 0.47 percent to $1,655.90 per troy ounce.
Silver for March delivery dropped 27 cents or 0.88 percent to $29.98 an ounce.
The euro fell to $1.3217 from Thursday's $1.3237. The dollar fell to 85.96 yen from 86.11 yen.
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| Additional Business News Stories | |
BEIRUT, Lebanon, May 22 (UPI) --
The seizure of Syrian oil fields by the al-Nusra Front could accelerate the breakup of Syria amid a reshaping of the Middle East's geopolitical landscape.
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WELLINGTON, New Zealand, May 23 (UPI) --
New Zealand will boost its defense spending from $318 million last year to $583 million in fiscal 2013 thanks to a payback from austerity measures.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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