Gold Falls a Second Day as Dollar Gains on U.S. Growth; Silver Declines

(Bloomberg) -- Gold fell a second day in London as
expectations of U.S. economic growth buoy the dollar, reducing
demand for the precious metal as an alternative investment.
Silver also declined.

Gold dropped the most since June 8 yesterday on speculation
higher U.S. bond yields will boost the dollar. The dollar gained
for a second day today before U.S. reports on manufacturing and
the future direction of the economy that are expected to signal
growth, Bloomberg surveys of economists show.


Read more at Bloomberg Commodities News