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Talk of currency policy statement rattles market
NEW YORK, Feb. 11 () -- The price of gold dropped Monday on the New York Mercantile Exchange, as traders contemplated a Group of Seven nations currency statement.Ahead of a Group of 20 meeting scheduled for this week in Moscow, the Group of Seven -- the United States, Britain, France, Germany,[url=http://www.arch-eyes.com/]Christian Louboutin Discount[/url], Italy, Canada and Japan -- are expected to issue a statement critical of currency manipulation. This caused traders to rethink their positions in precious metals.On the Comex listing, gold gave up $20.20 or more than 1 percent to finish at $1,647.90 per troy ounce. Silver dropped 49 cents to settled at $30.94 an ounce.Against the dollar,[url=http://www.tymarc.com/]christian louboutin sale[/url], the euro rose to $1.341 from Friday's $1.3372. The dollar rose to 94.25 yen from 92.76 yen. The dollar index rose 0.19 percent on the International Exchange.