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In equity rout, gold rises

NEW YORK, May 30 (UPI) -- Gold futures for June delivery rose 0.88 percent Wednesday to $1,564.70 per troy ounce on the Comex division of the New York Mercantile Exchange.

Gold added $13.70, as investors sought safety from plunging equity markets, which were down in Asia, Europe and the United States.

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Silver futures for July delivery added 8.4 cents to $27.875 per troy ounce.

The U.S. dollar continued to rise. After hitting its highest level since 2010 Friday, the dollar index has continued to climb higher, up 0.65 percent to 83.06 on the International Exchange.

The euro continued to slide, hitting $1.2366 from Tuesday's $1.2503.

Against the yen, the dollar reached 79.08 yen from 79.50 yen.

The British pound was $1.5481 from $1.5642. The dollar was 1.0298 Canadian dollars from 1.0222 Canadian.

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