NEW YORK (
sank Thursday as eurozone banks seeking additional liquidity swapped the yellow metal for cash.
Gold for February delivery was down $31.60 at $1,533.50 an ounce at the Comex division of the New York Mercantile Exchange. The
traded as high as $1,562.80 and as low as $1,523.90 an ounce, while the spot price was down $25.70, according to Kitco's gold index.
slipped down 63 cents at $26.59 an ounce while the
was up at $80.60.
The continued decline of the euro also had an impact as the currency dropped to a 15-month low against the U.S. dollar, thanks in part to concerns the European Central Bank hasn't done enough to stabilize the sovereign debt crisis across the pond.
The U.S. dollar index continued to strengthen, rising 0.117% to $80.604, making gold more expensive to buy in other currencies.
were choppy Thursday.
was down 0.81% at $11.05 while
was rising 0.77% at $14.33.
Other gold stocks,
were trading lower at $35.20 and $13.29, respectively.
Written by Joe Deaux in New York.