Business News

Gold prices slide lower

Published: Feb. 19, 2013 at 5:58 PM

NEW YORK, Feb. 19 (UPI) -- Gold prices maintained their slide Tuesday, losing $5.30 to close at $1,604.20 an ounce on the Comex division of the New York Mercantile Exchange.

On Friday gold prices closed at $1,608.90 an ounce, a six-month low. The markets were closed Monday for Presidents Day.

Silver also was down, off 43 cents to end the trading session at $29.42 an ounce.

Against the euro, the dollar was $1.3387 from $1.3362 on Friday. Against the yen, the dollar was 93.54 yen Tuesday from 93.52 yen Friday.

The British pound was $1.5423 from $1.5516 Friday. The U.S. dollar was 1.0118 Canadian dollars from 1.0064 Canadian dollars Friday.

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