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Gold dips, silver rises
Gold prices dipped $3.40 and settled at $1,612.80 an ounce Tuesday the Comex division of the New York Mercantile Exchange.
Gold has traded sideways for nearly five months, and Tuesday’s trading saw little major fluctuation, James Cordier, a portfolio manager with Optionsellers.com, told MarketWatch.
“People are really not looking for safe havens,” he said, explaining that lower concern about the eurozone, among other things, means “gold is being almost avoided today.”
Silver rose 22 cents to $28.09 an ounce.
The euro was $1.2398 from $1.24 Monday. Against the yen, the dollar was 78.64 from 78.22 Monday.
The British pound was $1.5632 from $1.5605. The U.S. dollar Tuesday was 0.9975 against Canadian dollars from 0.999 Monday.
Copyright 2012 by United Press International