facebook
twitter
rss
account
search
search
 

Market uncertainty pushes gold

Feb. 26, 2013 at 5:02 PM   |   Comments

NEW YORK, Feb. 26 (UPI) -- Gold and silver sparkled on the New York Mercantile Exchange for the second consecutive trading session as equities slumped in Asia and Europe.

Asian markets took a cue from Japan, where the Nikkei fell on a stronger yen, which hurts Japan's export-oriented economy.

In Europe, stocks were down on uncertainty surrounding the election in Italy in which Prime Minister Mario Monti was trounced.

Gold prices, up more than 2 percent in two days, added $20.80 Tuesday to $1,613.40 per troy ounce. Silver added 37 cents to $29.41 per ounce.

Against the dollar the euro rose to $1.3064 from Monday's $1.3062. Against the yen, the dollar was higher at 91.94 yen from 91.82 yen.

The British pound fell to $1.5125 from $1.5165. The dollar fell to 1.0255 Canadian dollars from 1.0261 Canadian.

Topics: Mario Monti
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback