Gold Climbs for 3rd Day as Dollar Declines Against the Euro; Silver Rises

(Bloomberg) -- Gold gained for a third consecutive
trading session in London on speculation the dollar's decline
against the euro will increase demand for the precious metal as
an alternative investment. Silver gained.

Bullion, priced in dollars, has risen 3.9 percent this year
while the dollar fell 3.3 percent against the euro. Investors
should buy gold as large speculators may start to build their
holdings, sending prices higher in the next month, UBS AG
London-based analyst John Reade said in an e-mailed report.


Read more at Bloomberg Commodities News