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Gold breaks above $1,600

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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