(Bloomberg) -- Gold in Asia rose for a fifth day as
a decline in the dollar boosted the appeal of the precious metal
as a hedge against the U.S. currency. Silver also gained.
Gold often moves in the opposite direction to the dollar,
which fell for a second day against the euro after a report
yesterday showed U.S. homebuilders' confidence fell, according
to traders including Osao Iizuka at Sumitomo Trust & Banking Co.
Read more at Bloomberg Commodities News
a decline in the dollar boosted the appeal of the precious metal
as a hedge against the U.S. currency. Silver also gained.
Gold often moves in the opposite direction to the dollar,
which fell for a second day against the euro after a report
yesterday showed U.S. homebuilders' confidence fell, according
to traders including Osao Iizuka at Sumitomo Trust & Banking Co.
Read more at Bloomberg Commodities News
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