Business News

Gold slips on stronger dollar

Published: 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.

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