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Gold price fall on stronger dollar

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Published: Feb. 15, 2013 at 5:25 PM

NEW YORK, Feb. 15 (UPI) -- Gold prices dropped to $1,608.90, a six-month low, Friday on the New York Mercantile Exchange as the the dollar strengthened against the euro.

On the Comex listing, February gold fell $25.90 or 1.6 percent to finish at $1,608.90 per troy ounce.

Against the dollar, the euro held steady at $1.336. The dollar rose to 93.51 yen from 92.87 yen. The dollar index rose 0.1 percent to 80.47 on the International Exchange.

The British pound fell to $1.5516 from $1.5494 The U.S. dollar rose to 1.0064 Canadian dollars from 1.001 Canadian.

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