Gold rises on 'fiscal cliff' impasse
New York - UPI
Gold futures gained Friday on the Comex division of the New York Mercantile Exchange as U.S. budget talks reached an impasse. Gold for February delivery jumped $14.20 or .86 percent to $1,660.10 an ounce. Silver for March delivery gained 53 cents or 1.77 percent to $30.20 an ounce. The euro was trading at $1.3189 from Thursday's 1.3243. The dollar fell to 84.24 against the Japanese yen from Thursday's 84.39 yen. The Australian dollar was trading at $1.0413 from Thursday's $1.0482. The British pound fell to $1.6166 from Thursday's $1.6281.
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