Gold takes a beating

April 2, 2013 at 6:45 PM

NEW YORK, April 2 (UPI) -- The price for an ounce of gold dropped $24 Tuesday to settle at $1,575.90 on the Comex division of the New York Mercantile Exchange.

Silver lost 71 cents and closed at $27.25 an ounce.

Metal futures took a beating as equities returned to making gains and steal the spotlight from commodities.

Against the dollar, the euro fell to $1.2822 from Monday's $1.2849. Against the yen, the dollar rose to 93.36 yen from 93.24 yen.

The British pound fell to $1.5105 from $1.5231. The dollar dropped to 1.0144 Canadian dollars from 1.0168 Canadian.

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