(Bloomberg) -- Gold and silver prices rose in New
York on speculation that a decline in the value of the dollar
will boost the appeal of the precious metals as alternative
investments.
Gold generally moves in tandem with the euro, which gained
after the Federal Reserve tempered its forecasts for U.S.
economic growth for this year and next. Before today, gold and
the euro both had gained 4.4 percent this year.
Read more at Bloomberg Commodities News
York on speculation that a decline in the value of the dollar
will boost the appeal of the precious metals as alternative
investments.
Gold generally moves in tandem with the euro, which gained
after the Federal Reserve tempered its forecasts for U.S.
economic growth for this year and next. Before today, gold and
the euro both had gained 4.4 percent this year.
Read more at Bloomberg Commodities News
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