(Bloomberg) -- Gold fell in London on speculation
demand for the precious metal will slow after the dollar gained
against the euro. Silver also declined.
Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent rise in
producer prices in May, higher than the 0.6 percent increase
forecast by analysts surveyed by Bloomberg News. Traders and
analysts are awaiting the U.S. report on the consumer price
index for May that's due later today.
Read more at Bloomberg Commodities News
demand for the precious metal will slow after the dollar gained
against the euro. Silver also declined.
Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent rise in
producer prices in May, higher than the 0.6 percent increase
forecast by analysts surveyed by Bloomberg News. Traders and
analysts are awaiting the U.S. report on the consumer price
index for May that's due later today.
Read more at Bloomberg Commodities News
No comments:
Post a Comment