(Bloomberg) -- Gold rose to a two-month high in New
York and silver gained as a decline in the value of the dollar
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which is headed toward the sixth straight weekly loss
against the euro. Before today, gold had gained 6.3 percent this
year while the euro climbed 4.6 percent against the dollar.
Read more at Bloomberg Commodities News
York and silver gained as a decline in the value of the dollar
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which is headed toward the sixth straight weekly loss
against the euro. Before today, gold had gained 6.3 percent this
year while the euro climbed 4.6 percent against the dollar.
Read more at Bloomberg Commodities News
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