(Bloomberg) -- Gold rose in Asia on speculation that
the dollar's decline against the euro will boost the appeal of
the precious metal as an alternative investment. Silver also
gained.
The dollar traded near a record low against the euro, and
fell versus the British pound and the yen, making dollar-priced
gold cheaper to investors with other currencies. Gold has gained
2.8 percent this year while the euro has risen 3.2 percent
against the dollar.
Read more at Bloomberg Commodities News
the dollar's decline against the euro will boost the appeal of
the precious metal as an alternative investment. Silver also
gained.
The dollar traded near a record low against the euro, and
fell versus the British pound and the yen, making dollar-priced
gold cheaper to investors with other currencies. Gold has gained
2.8 percent this year while the euro has risen 3.2 percent
against the dollar.
Read more at Bloomberg Commodities News
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