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Gold upstaged by equities

Jan. 25, 2013 at 5:33 PM   |   Comments

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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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