Monday, April 23, 2007

Gold Falls From 11-Month High in London as Dollar Rebounds; Silver Drops

(Bloomberg) -- Gold fell from an 11-month high after the dollar gained against the euro, eroding investor demand for the precious metal as an alternative investment. Silver also declined.

Gold gained 23 percent last year as the dollar dropped 10 percent against the euro. The metal earlier today climbed to $695.25 an ounce, the highest since May 18.


Read more at Bloomberg Commodities News

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