facebook
twitter
rss
account
search
search
 

Gold drops Wednesday

Jan. 30, 2013 at 6:43 PM   |   Comments

NEW YORK, Jan. 30 (UPI) -- Gold prices moved lower on the Comex division of the New York Mercantile Exchange Wednesday with equities lower on Wall Street.

Equities dropped after the Commerce Department said the gross domestic product contracted 0.1 percent in the fourth quarter of 2012. But losses were muted by a positive jobs report from Automatic Data processing.

The U.S. Federal Reserve announced it would maintain its monetary policy, noting the recovery "paused in recent months."

NYMEX gold gave up 0.29 percent or $4.80 to $1,676.80 per troy ounce. NYMEX silver lost 0.61 percent or 20 cents to $31.98 per ounce.

Against the dollar, the euro rose to $1.3566 from Tuesday's $1.3492. The dollar rose to 91.08 yen from Tuesday's 90.73 yen.

© 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.
Most Popular
1
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
2
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
3
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
4
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
5
New GenDyn mission computers for Navy F/A-18s New GenDyn mission computers for Navy F/A-18s
Trending News
Video
x
Feedback