(Bloomberg) -- Gold and silver rose in New York as a
decline in the value of the dollar against the euro increased the
appeal of the precious metals as alternative investments.
Gold generally moves in the opposite direction of the U.S.
currency, which fell for a fourth straight session against the
euro. Before today, gold had gained 3.2 percent this year while
the dollar had lost 1.4 percent against the euro.
Read more at Bloomberg Commodities News
decline in the value of the dollar against the euro increased the
appeal of the precious metals as alternative investments.
Gold generally moves in the opposite direction of the U.S.
currency, which fell for a fourth straight session against the
euro. Before today, gold had gained 3.2 percent this year while
the dollar had lost 1.4 percent against the euro.
Read more at Bloomberg Commodities News
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