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Gold gains ground Tuesday

Jan. 8, 2013 at 5:55 PM

NEW YORK, Jan. 8 (UPI) -- The price of gold shifted higher Tuesday in New York, as equities slumped on Wall Street.

Gold broke away from a three-day losing streak to add $14.10 or 0.86 percent to reach $1,660.40 per troy ounce on the Comex division of the New York Mercantile Exchange.

Silver gained 33 cents or 1.11 percent, to $30.42 per ounce.

The dollar index, which measures the U.S. dollar against six other major currencies on a pro-rated scale, rose 0.19 percent to 80.33 on the International Exchange.

By close of trading, the euro fell to $1.308 from Monday's $1.3117. The dollar was 86.88 yen from Monday's mark of 87.79 yen.

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