facebook
twitter
search
search

Market uncertainty pushes gold

Feb. 26, 2013 at 5:02 PM

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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Mario Monti
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules