(Bloomberg) -- Gold fell from a near 11-month high after the U.S. dollar strengthened in Asia, reducing the precious metal's appeal as an alternative investment. Silver also declined.
Gold, which generally moves in the opposite direction of the dollar, touched $691.26 yesterday, its highest since May 18, 2006, as the dollar fell to a two-year low against the euro on speculation European economic growth will outpace that of the U.S.
Read more at Bloomberg Commodities News
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