(Bloomberg) -- Gold, little changed in New York,
may gain on speculation the dollar will drop, boosting the
appeal of precious metals as alternative investments.
Silver climbed.
Gold generally moves in the opposite direction of the
dollar, which touched a two-week low against the euro today as
the yield on the benchmark 10-year U.S. Treasury note declined
for a fourth day. Before today, gold had gained 4.2 percent this
year, while the dollar dropped 1.7 percent against the euro.
Read more at Bloomberg Commodities News
may gain on speculation the dollar will drop, boosting the
appeal of precious metals as alternative investments.
Silver climbed.
Gold generally moves in the opposite direction of the
dollar, which touched a two-week low against the euro today as
the yield on the benchmark 10-year U.S. Treasury note declined
for a fourth day. Before today, gold had gained 4.2 percent this
year, while the dollar dropped 1.7 percent against the euro.
Read more at Bloomberg Commodities News
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