Arab Today, arab today us gold prices fall for 3rd day
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

US gold prices fall for 3rd day

Arab Today, arab today

Arab Today, arab today US gold prices fall for 3rd day

New York - UPI

The price for an ounce of gold slipped Monday, losing $2.60 to settle at $1,646.30 on the Comex division of the New York Mercantile Exchange. It was the third consecutive day gold prices fell with precious metals in a correction pattern prompted by the tax code signed into law last week. The tax code gave equities a boost, erasing some of gold\'s appeal as a safety net. Silver on Monday moved slightly higher, adding 14 cents or 0.45 percent, to $30.08, helped by a weaker dollar. The dollar index, which measures the U.S. dollar against six other major currencies on a pro-rated scale, dropped 0.45 percent to 80.14. By close of trading, the euro rose to $1.312 from Friday\'s $1.3117. The dollar was 87.54 yen from Friday\'s mark of 87.79 yen.

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