Gold closes higher

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Gold closes higher

Posted on Jun 16, 2012 in Business | 0 comments

The signatures of the new Treasurer Anna Escobedo Cabral and Treasury Secretary John W. Snow appears on a replica one dollar bill after Cabral's signature was printed for the first time on U.S. money at the U.S. Bureau of Engraving and Printing in Washington on April 26, 2005. (UPI Photo/Roger L .Wollenberg)

Gold for December rose Tuesday on the Comex division of the New York Mercantile Exchange as the dollar index dropped 0.58 percent.

Gold closed at $1,749.10 per troy ounce and silver added 22 cents to $32.96.

The euro rose to $1.309 from Monday”s $1.2949. The British pound rose to $1.6124 from $1.6071. The Canadian dollar fell to 98.65 cents, while the Australian dollar rose to $1.029 from $1.0254. The U.S. dollar rose to 7.7513 Hong Kong dollars from 7.7512.

Against the yen, the dollar rose to 78.89 yen from 78.66 yen.

Copyright 2012 by United Press International