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Dec. 24, 2012 / 5:12 PM

Gold and silver slip

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NEW YORK, Dec. 24 (UPI) -- Gold and silver shifted slightly lower in New York Monday in a market focused on the budget impasse in Washington.

The weaker dollar provided some pressure with the dollar index up 0.15 percent to 79.65 on the International Exchange.

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On the New York Mercantile Exchange, gold for February delivery shed 60 cents or 0.04 percent to $1,659.50 per troy ounce.

Silver for March delivery dropped 31 cents or 1.01 percent to $29.90 an ounce.

The euro was trading at $1.3186 from Friday's 1.3189. The dollar rose to 84.82 against the Japanese yen from Friday's 84.24 yen.

The Australian dollar was trading at $1.0366 from Friday's $1.0402. The British pound fell to $1.6124 from Friday's $1.6172.

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