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Gold breaks above $1,600

Published: March. 18, 2013 at 6:22 PM

NEW YORK, March 18 (UPI) -- The price for an ounce of gold rose $12 or 0.75 percent to settle at $1,604.60 Monday on the Comex division of the New York Mercantile Exchange.

Silver prices added 2 cents to close at $28.85 an ounce.

The dollar index rose to 0.62 percent to 82.63 on the International Exchange.

Against the dollar, the euro fell to $1.2954 from Friday's $1.2956. Against the yen, the dollar was 95.28 yen from 95.21 yen.

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A members of the Hamas security forces patrol the border area between Gaza and Egypt, in the southern Gaza Strip May 20, 2013. Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again for four days, stranding hundreds of Palestinian travellers, As Tunnels between Egypt and Gaza closed and border was declared as military zone. Palestinian security forces patrol around the border, witnesses said. UPI/Ismael Mohamad

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