NEW YORK, Jan. 25 (UPI) -- Gold prices moved lower on the Comex division of the New York Mercantile Exchange Friday as equities closed out a four-week winning streak.
Four weeks ago, NYMEX gold was at $1,688.80 per troy ounce. The closing price Friday was $1,657.90, as gold shed an additional $12 or 0.72 percent on the day.
In the same four weeks, the Dow Jones industrial average has climbed 6 percent and the Standard and Poor's 500 index has added 5.3 percent.
Against the dollar, the euro rose to $1.3457 from Thursday's $1.3377. The dollar rose against the yen, hitting 90.84 yen from 90.33 yen.
The dollar index, a pro-rated scale measuring the dollar against six major currencies, fell 0.31 percent to 79.74 on the International Exchange.
NYMEX silver lost 54 cents or 1.71 percent to $31.18 per ounce Friday.
|Additional Business News Stories|
HOUSTON, May 21 (UPI) --A 95-mile pipeline extension from western Oklahoma and the Texas panhandle will carry as much as 75,000 barrels of oil per day, a pipeline company said.
RIO DE JANEIRO, May 20 (UPI) --Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.