(Bloomberg) -- Gold was little changed in Asia amid
speculation a gain in the dollar will reduce the appeal of the
precious metal as an alternative investment. Silver was also
little changed.
Gold generally moves in the opposite direction to the U.S.
currency, which rose against the euro today after U.S. retail
sales in May rose at more than twice the rate economists
forecast. Gold has fallen 1.5 percent this month while the
dollar has gained 1.1 percent against the euro.
Read more at Bloomberg Commodities News
speculation a gain in the dollar will reduce the appeal of the
precious metal as an alternative investment. Silver was also
little changed.
Gold generally moves in the opposite direction to the U.S.
currency, which rose against the euro today after U.S. retail
sales in May rose at more than twice the rate economists
forecast. Gold has fallen 1.5 percent this month while the
dollar has gained 1.1 percent against the euro.
Read more at Bloomberg Commodities News
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