Gold, Silver Decline; Stocks Slightly Higher

New York gold futures lost ground Thursday as the yellow metal moved further away from an all-time high as the US dollar rebounded. Silver and platinum also declined. In other markets, crude oil rallied to a one-year high on news of a decline in gasoline inventories and US stocks rose modestly.

New York precious metals figures follow:

• Silver for December delivery fell 49.3 cents, or 2.8 percent, to $17.415 an ounce. It ranged from $17.360 to $18.000.

• Gold for December delivery declined $14.10, or 1.3 percent, to $1,050.60 an ounce. The yellow metal ranged from $1,047.40 to $1,066.80.

• January platinum lost $11.10, or 0.8 percent, to $1,355.50 an ounce.

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