(Bloomberg) -- Gold and silver rose in New York on
speculation a decline in the value of the dollar will boost
demand for precious metals as alternative investments.
Gold generally moves in the opposite direction of the U.S.
dollar, which has fallen 1.7 percent in the past three weeks
against a basket of six major currencies. Before today, gold had
gained 2.6 percent this year while the dollar index had fallen
2.6 percent.
Read more at Bloomberg Commodities News
speculation a decline in the value of the dollar will boost
demand for precious metals as alternative investments.
Gold generally moves in the opposite direction of the U.S.
dollar, which has fallen 1.7 percent in the past three weeks
against a basket of six major currencies. Before today, gold had
gained 2.6 percent this year while the dollar index had fallen
2.6 percent.
Read more at Bloomberg Commodities News
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