Wednesday, July 11, 2007

Gold Rises on Demand for Alternative to Slumping Dollar; Silver Advances

(Bloomberg) -- Gold rose to a one-month high in
London on speculation investors will seek an alternative to the
slumping dollar. Silver gained.

Bullion, priced in the U.S. currency, has gained 1.8 percent
in the past month, while the dollar has declined 2.8 percent to a
record low against the euro. Gold traded in euros has actually
dropped 1.6 percent over the same period.


Read more at Bloomberg Commodities News

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