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Gold slides Thursday

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Post by lexie Thu Sep 15, 2011 8:24 pm

Sept. 15, 2011 at 6:04 PM


Gold slides Thursday



NEW YORK, Sept. 15 (UPI) -- Gold prices slipped on the Comex division of the New York Mercantile Exchange Thursday as equities rose for the fourth consecutive day in New York.

In New York, gold prices lost $33.80 to reach $1,792.70 per troy ounce as the dollar index lost 0.83 percent.

Oil prices also held steady, gaining 12 cents to reach $89.03 per barrel.

The euro rose to $1.3884 from Wednesday's $1.3876. Against the yen, the dollar rose to 76.76 yen from Wednesday's 76.70 yen.

The dollar was mixed in Asia and lower in Europe. The British pound fell to $1.5795 from $1.58. The U.S. standard rose to 7.7914 Hong Kong dollars from 7.7897 HKD.

The dollar fell to 1,111.84 South Korean won from 1,112.20 won.

Read more: http://www.upi.com/Business_News/2011/09/15/Gold-slides-Thursday/UPI-92041316124286/#ixzz1Y4QvL24L




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