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Gold slide 0.5 percent

March 26, 2013 at 5:55 PM   |   Comments

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NEW YORK, March 26 (UPI) -- The price for an ounce of gold shed $7.60 and settled at $1,597.30 Monday on the Comex division of the New York Mercantile Exchange.

Silver lost 12 cents and closed at $28.68 an ounce.

Metal futures are currently in the shadow of equities, which have been on a winning streak since the start of the year.

The Dow Jones industrial average closed at a record high Tuesday and the Standard and Poor's index is within range of its all-time closing high, as well.

The dollar index was flat, rising 0.01 percent on the International Exchange.

Against the dollar, the euro was at $1.2858 from Monday's $1.2853. Against the yen, the dollar was higher 94.48 yen from 94.17 yen.

The British pound fell to $1.5157 from $1.5175. The dollar fell to 1.0163 Canadian dollars from 1.0214.

The U.S. dollar dropped to 7.7594 Hong Kong dollars from 7.7619 HKD.

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