(Bloomberg) -- Gold in New York fell to a one-month low as the dollar rebounded against the euro, reducing the appeal of precious metals as an alternative investment. Silver also declined.
Gold is sold mostly in dollars, and five of the past six bear markets in the U.S. currency have led to a higher gold price. The metal has fallen 1.6 percent since April 27, when the euro began retreating from a record high against the dollar.
Read more at Bloomberg Commodities News
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