(Bloomberg) -- Gold snapped two days of declines
in London on speculation the dollar will stop strengthening
against other currencies, reviving demand for the precious metal
as an alternative investment. Silver also increased.
Bullion has dropped in five of the past seven weeks as
higher global interest rates and a strengthening dollar eroded
the metal's investment appeal. The dollar dropped against the
yen today and the yield on the U.S. 10-year note fell.
Read more at Bloomberg Commodities News
in London on speculation the dollar will stop strengthening
against other currencies, reviving demand for the precious metal
as an alternative investment. Silver also increased.
Bullion has dropped in five of the past seven weeks as
higher global interest rates and a strengthening dollar eroded
the metal's investment appeal. The dollar dropped against the
yen today and the yield on the U.S. 10-year note fell.
Read more at Bloomberg Commodities News
No comments:
Post a Comment