(Bloomberg) -- Gold and silver fell in New York on
speculation the dollar will strengthen, reducing the appeal of
precious metals as alternative investments.
Gold usually moves in the opposite direction of the
dollar, which today traded higher against a basket of six major
currencies. Before today, gold had gained 3 percent this year,
while the dollar index had fallen 1.6 percent.
Read more at Bloomberg Commodities News
speculation the dollar will strengthen, reducing the appeal of
precious metals as alternative investments.
Gold usually moves in the opposite direction of the
dollar, which today traded higher against a basket of six major
currencies. Before today, gold had gained 3 percent this year,
while the dollar index had fallen 1.6 percent.
Read more at Bloomberg Commodities News
No comments:
Post a Comment