Money Matters - Simplified

Gold and dollar little changed Thursday

New York -- Gold prices held steady Thursday in New York as equities were mixed and the dollar turned flat after three days of increases.

The Dow Jones industrial average lost 2.42 points or 0.02 percent. The Standard & Poor's index climbed modestly, adding 4.72 points or 0.38 percent to 1,233.00.

The dollar index rose 0.08 percent, a relatively flat performance, but one that comes after gains of 0.5 percent Tuesday and 0.17 percent Wednesday.

On the Comex division of the New York Mercantile Exchange gold added $3.10 to $1,386.30 per troy ounce. Crude oil prices for January delivery added 17 cents to $88.45 per barrel.

The euro fell to $1.3241 from Wednesday's $1.32763. Against the yen, the dollar fell to 83.65 yen from Wednesday's 84.01 yen.

The Australia dollar rose to $0.9838 from $0.9795. Against the Hong Kong dollar, the U.S. standard rose to 7.7734 HKD from 7.7671 HKD.

The dollar fell to 1,138 South Korean won from 1,142.99 won. Against the Canadian dollar, the greenback fell to 1.0101 from 1.0109.

Copyright 2010 United Press International, Inc. (UPI).

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