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Gold Futures Head Higher
Mar 8,2012 10:08CST
industry news
Source:SMM
Gold prices rose Wednesday as the dollar fell and equities recovered about half of what was lost in Tuesday's shellacking.

NEW YORK, March 7 (UPI) -- Gold prices rose Wednesday as the dollar fell and equities recovered about half of what was lost in Tuesday's shellacking.

The dollar index, a prorated measure of the greenback against six major currencies, fell 0.14 percent to 79.68.

Gold prices rose on the Comex division of the New York Mercantile Exchange after three consecutive days of declines, adding $13.40 to reach $1,685.50. Silver added 65 cents to $33.44.

The euro rose to $1.3148 from Tuesday's $1.3113. Against the yen, the dollar rose to 81.11 yen from 80.90 yen.

The British pound rose to $1.5739 from Tuesday's $1.5717. The U.S. dollar rose to 7.764 Hong Kong dollars from 7.763 HKD.

The dollar fell to 0.9977 Canadian dollars from 1.0018 Canadian. The Australian dollar rose to $1.0582 from Tuesday's $1.0553.


 

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