(Bloomberg) -- Gold in New York headed for the sixth-straight weekly gain as a decline in the value of the dollar boosted the appeal of the precious metal as an alternative investment. Silver also climbed.
Gold generally moves in the opposite direction of the dollar, which fell to the lowest in more than two years against six major currencies. Before today, gold had gained 6.5 percent this year, while the dollar index has dropped 1.5 percent.
Read more at Bloomberg Commodities News
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