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Gold rises after five-day drop

Jan. 10, 2013 at 7:24 PM

NEW YORK, Jan. 10 (UPI) -- The price of gold rose Thursday in New York with help from a sharply lower U.S. dollar.

Gold prices gained $17.40 after a five-day losing streak, reaching $1,674.40 per troy ounce on the Comex division of the New York Mercantile Exchange.

Silver added 46 cents to $30.82 per ounce.

The dollar index, which measures the U.S. dollar against six other major currencies on a pro-rated scale, declined 1.08 percent to 79.74 on the International Exchange.

Against the dollar, the euro rose to $1.3272 from Wednesday's $1.3065. The dollar was higher at 88.90 yen from 87.88 yen.

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