Gold, Silver Prices Climb in New York After Dollar Weakens Against Euro

(Bloomberg) -- Gold and silver rose in New York as a
decline in the value of the dollar against the euro boosted the
appeal of precious metals as alternative investments.

Gold generally moves in the opposite direction of the
dollar, which today dropped to a six-week low against the euro
on speculation the European Central Bank may raise interest
rates faster than the U.S. Federal Reserve. Before today, gold
had gained 2 percent this year and the euro was up 2.6 percent.


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