Tuesday, January 24, 2012

Precious Metals Fall, U.S. Dollar Rises on Euro Concerns

Precious metals futures settled lower on Tuesday amid modest strength in the
U.S. dollar and ongoing sovereign debt concerns in Europe. COMEX gold futures,
per the February contract, closed down by $13.80, or 0.8%, at $1,664.50 per
ounce thereby negating yesterdays $14.30 advance. Silver futures for February
delivery on the COMEX finished with a loss of $0.30, or 0.9%, at $31.98 per
ounce.

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