Monday, June 4, 2007

Gold Falls on Speculation Demand Will Slow as Dollar Steadies Versus Euro

(Bloomberg) -- Gold fell in New York on speculation
demand for the metal will slow as the dollar remains steady
against the euro. Silver climbed.

Gold generally moves in the opposite direction of the
dollar, which has gained 1.3 percent against the euro since
falling to a record in late April. Gold gained 2.3 percent last
week after dropping 4.1 percent in the previous three weeks.


Read more at Bloomberg Commodities News

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