gold jumps tagging on 3490
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Gold jumps, tagging on $34.90

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Arab Today, arab today Gold jumps, tagging on $34.90

New York - UPI

Gold gained sharply Friday on the Comex division of the New York Mercantile Exchange, as the dollar index dropped 1.17 percent. Gold gained for the fifth consecutive trading session, adding $34.90 to $1,740.50. Gold is finding support from the weaker dollar and from anticipation of a third round of quantitative easing, which many expect the U.S. Federal Reserve to announce Thursday. Silver also rose, gaining $1.06 to $33.69 per ounce. The Canadian dollar rose against the greenback to 97.85 cents and the British pound rose to $1.6009. The euro reached $1.2816, while the dollar fell to 78.24 yen.

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