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Gold, silver head a bit higher

Feb. 21, 2013 at 7:16 PM   |   Comments

NEW YORK, Feb. 21 (UPI) -- Gold and silver made gains Thursday, taking back a fraction of Wednesday's retreat.

Gold dropped $40.50 Wednesday after the Federal Reserve revealed in released meeting minutes that there was dissent among decision makers on how long to maintain an $85 billion per month stimulus program.

Similarly, silver shed 85 cents Wednesday.

On the New York Mercantile Exchange Thursday, gold reclaimed $13.20 to reach $1,576 per troy ounce, while silver retook 9 cents to reach $28.66 per ounce.

Equities slumped for a second consecutive session Thursday.

Against the dollar the euro fell to $1.3194 from Wednesday's $1.3283. Against the yen, the dollar was lower at 93.06 yen from 93.56 yen.

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