Gold May Rise in New York on U.S. Interest-Rate Speculation; Silver Gains

(Bloomberg) -- Gold, little changed in New York, may
rise on speculation U.S. interest rates will remain unchanged
this year, weakening the dollar and boosting the appeal of the
precious metal as an alternative investment. Silver gained.

Gold generally moves in the opposite direction of the U.S.
dollar, which today traded less than 1 cent away from its record
low against the euro. Gold is up 3.8 percent this year while the
euro has climbed 3.5 percent against the dollar.


Read more at Bloomberg Commodities News