(Bloomberg) -- The price of gold rose in Asia as
investors bet last week's decline, the largest fall in more than
three months, was overdone. Silver was little changed.
The spot gold price fell 3.4 percent last week, the biggest
weekly decline since March 2, after the Reserve Bank of New
Zealand and the European Central Bank raised rates. Holding gold
becomes less attractive when interest rates rise because the
metal has no fixed returns.
Read more at Bloomberg Commodities News
investors bet last week's decline, the largest fall in more than
three months, was overdone. Silver was little changed.
The spot gold price fell 3.4 percent last week, the biggest
weekly decline since March 2, after the Reserve Bank of New
Zealand and the European Central Bank raised rates. Holding gold
becomes less attractive when interest rates rise because the
metal has no fixed returns.
Read more at Bloomberg Commodities News
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