facebook
twitter
search
search

Gold slips on stronger dollar

Feb. 7, 2013 at 6:45 PM

NEW YORK, Feb. 7 (UPI) -- The price of gold on the New York Mercantile Exchange yielded to a stronger dollar Thursday.

The dollar index jumped 0.63 percent to 80.24 on the International Exchange, putting pressure on commodities priced in U.S. dollars.

On the Comex listing, gold gave up $7.10 or 0.45 percent to $1,671.30 per troy ounce. Silver dropped 46 cents or 1.49 percent to settle at $31.40 an ounce.

Against the dollar, the euro fell to $1.3396 from Wednesday's $1.3523. The dollar rose to 93.66 yen from 93.64 yen.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Reddit CEO Ellen Pao apologizes for firing scandal
Report: Brazil's Petrobras wading dark waters
Oil markets hammered by Greece, Iran and China
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era