Sunday, June 17, 2007

Gold, Silver Rise in Asia as Dollar's Decline Against Euro Boosts Demand

(Bloomberg) -- Gold in Asia rose for a fourth day
as a decline in the dollar boosted the appeal of the precious
metal as a hedge against the U.S. currency. Silver advanced.

The price of gold generally moves in the opposite direction
of the dollar which fell against the euro today ahead of U.S.
government reports this week that may show a slump in the
housing market.


Read more at Bloomberg Commodities News

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