Commodities slide with dollar mostly flat

Washington -- Gold prices dropped 0.1 percent on the Comex division of the New York Mercantile Exchange, despite little movement in the dollar Wednesday.

The dollar index fell 0.13 percent from 79.099 to 79.215. There were rare gains against foreign currencies with movement kept in check by concerns over the bank crisis in Ireland checked by a Bureau of Labor Statistics report that said U.S. consumer prices rose 0.2 percent in October.

Gold prices lost $3.70 to $1,334.70 per troy ounce. Crude oil prices dropped for the fourth consecutive trading session, losing $1.97 to $80.37 per barrel.

The euro, down early, rose to $1.3522 from Tuesday's $1.3489. Against the yen, the dollar lost ground, dropping to 83.23 yen from Tuesday's 83.30 yen.

The Australia dollar slipped to $0.9786 from $0.9789. Against the Hong Kong dollar, the U.S. standard dropped to 7.757 HKD from 7.7571 HKD.
The dollar rose to 1,140 South Korean won from Tuesday's 1,130.84 won.

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

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