Thursday, July 12, 2007

Gold Rises in London, Resuming Rally on Dollar's Decline; Silver Advances

(Bloomberg) -- Gold rose, resuming this month's
rally, as the dollar fell to a record low against the euro,
increasing demand for the metal as an alternative investment.
Silver also gained.

Bullion yesterday snapped a three-day advance on speculation
the dollar would halt its slide against the euro. Gold has
climbed 2.1 percent since the beginning of last week as the
dollar dropped 1.8 percent against the euro.


Read more at Bloomberg Commodities News

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