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Gold bounces back Tuesday

Jan. 15, 2013 at 6:32 PM

NEW YORK, Jan. 15 (UPI) -- The price of gold rebounded in New York Tuesday, rising after declines posted in seven of the previous eight trading sessions.

Gold gained $14.50 or 0.87 percent to reach $1,683.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

Silver added 42 cents or 1.35 percent to $31.53 per ounce.

Against the dollar, the euro fell to $1.33 from Monday's $1.3382. The dollar was lower at 88.77 yen from 89.48 yen.