Gold, Silver Little Changed After Drop on Concern Global Growth May Slow

(Bloomberg) -- Gold was little changed in Asia after
the biggest weekly decline in almost two months on concern that
global economic growth may slow, reducing the metal's appeal as a
hedge against inflation. Silver was also little changed.

Gold fell 3.3 percent last week amid a $2.1 trillion world
stock market rout and concern that U.S. subprime mortgage losses
may slow economic growth, reducing inflation. Investors usually
buy gold at time of rising raw material prices to preserve wealth.


Read more at Bloomberg Commodities News

Gold Gains in London, Erasing an Earlier Decline; Silver Also Advances

(Bloomberg) -- Gold rose in London, erasing an
earlier decline. Silver also advanced.

Gold for immediate delivery added $1, or 0.2 percent, to
$674 an ounce at 10:03 a.m. local time, after earlier falling as
much as $1.51. Prices this year peaked at $694.25 an ounce on
April 23.


Read more at Bloomberg Commodities News

Gold Falls in London on Central Bank Sales Speculation; Silver Declines

(Bloomberg) -- Gold fell in London for a second
consecutive day on speculation that central banks are increasing
sales of the metal. Silver declined.

Bullion has gained for the past two weeks, partly because
central banks had slowed sales, New York-based Morgan Stanley
analysts led by Hussein Allidina said in a report yesterday.
European central banks have sold 305 tons out of the 500 tons
allowed under an agreement that covers the period through Sept.
26, London-based World Gold Council investment research manager
Natalie Dempster said.


Read more at Bloomberg Commodities News

GM's $1,000 Per Silverado Health-Care Tab Gives Advantage to Toyota Tundra

(Bloomberg) -- The $40,000 blue Chevy Silverado
pickup that Justin Crenshaw bought last month in Oklahoma City
had one built-in feature that Kent Hickman's new Toyota Tundra
lacked: the health-care tab for retired factory workers.

Paying the retiree health benefits adds about $1,000 to the
cost of each Silverado made by General Motors Corp. Toyota Motor
Corp., which will overtake GM this year as the world's largest
automaker and is boosting Tundra sales in the U.S., is spared
almost all such expenses, according to auto industry analysts.


Read more at Bloomberg Exclusive News

Gold Futures Fall on Speculation Dollar to Halt Slide; Silver Is Unchanged

(Bloomberg) -- Gold fell in New York on speculation
the dollar will halt a slide against the euro, eroding the appeal
of the precious metal as an alternative investment. Silver was
unchanged.

Gold generally moves in the opposite direction of the
dollar, which pared losses against the euro after dropping to a
record low. The metal has risen 3.8 percent this year while the
euro has gained 4.3 percent against the dollar.


Read more at Bloomberg Commodities News

Gold Climbs in London as Dollar Declines Against the Euro; Silver Drops

(Bloomberg) -- Gold rose for the first day in three
in London as the dollar declined, buoying demand prospects for
the precious metal as an alternative investment. Silver declined.

The metal has gained 2.5 percent this year while the dollar
has fallen 1.3 percent against a basket of six currencies
including the euro and yen. The dollar dropped against the euro
today as yields on 10-year Treasuries declined.


Read more at Bloomberg Commodities News

Gold, Little Changed in New York, May Gain on Weaker Dollar; Silver Rises

(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

Gold Falls in London After Dollar Rebounds Versus Euro; Silver Also Drops

(Bloomberg) -- Gold fell in London for the first
time in five days as the dollar's slide against the euro
stalled, reducing demand for the metal as an alternative
investment. Silver also declined.

Before today, gold increased for four straight days and the
dollar dropped against the euro over the same period. The dollar
today climbed 0.2 percent against the euro.


Read more at Bloomberg Commodities News

Gold Falls in London as Demand May Slow on Stronger Dollar; Silver Drops

(Bloomberg) -- Gold fell in London on speculation
demand for the precious metal will slow after the dollar gained
against the euro. Silver also declined.

Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent rise in
producer prices in May, higher than the 0.6 percent increase
forecast by analysts surveyed by Bloomberg News. Traders and
analysts are awaiting the U.S. report on the consumer price
index for May that's due later today.


Read more at Bloomberg Commodities News