(Bloomberg) -- Gold fell in London, heading for the
biggest weekly decline in more than four months, as gains in the
dollar reduce demand for the metal as an alternative investment.
Silver also dropped.
Gold has declined 3.3 percent this week after the dollar
headed for the first weekly advance in seven against the euro.
European central banks have sold about two-thirds of the bullion
allowed under an agreement that runs through Sept. 26, World Gold
Council figures show.
Read more at Bloomberg Commodities News
biggest weekly decline in more than four months, as gains in the
dollar reduce demand for the metal as an alternative investment.
Silver also dropped.
Gold has declined 3.3 percent this week after the dollar
headed for the first weekly advance in seven against the euro.
European central banks have sold about two-thirds of the bullion
allowed under an agreement that runs through Sept. 26, World Gold
Council figures show.
Read more at Bloomberg Commodities News
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