Gold slides Monday

Sept. 24, 2012 at 4:00 PM
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NEW YORK, Sept. 24 (UPI) -- Gold prices fell Monday on the Comex division of the New York Mercantile Exchange, as equity markets faltered around the globe.

The dollar didn't help much. The dollar index, a prorated measure of the greenback against six major currencies, dropped 0.03 percent to 79.36 on the International Exchange.

Stock markets were lower or flat in Asia, Europe and the United States, while the dollar was broadly higher in Asia -- excluding the yen and the Hong Kong dollar -- and across Europe.

Gold gave up $11 to reach $1,767 per troy ounce. Silver settled at $34.09, down 54 cents.

In Japan, the dollar fell to 78.85 yen from Friday's 78.15 yen. The dollar fell to 7.7532 HKD from 7.7537 HKD.

The British pound fell to $1.6216 from $1.623. The dollar rose to 0.9789 Canadian dollars from 0.9765 Canadian.

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