(Bloomberg) -- Gold prices in Asia were little
changed near a two-month low amid speculation the dollar will
strengthen further against the euro, reducing the appeal of the
precious metal as an alternative investment. Silver rose.
Gold generally moves in the opposite direction to the dollar
which last week gained to a six-week high against the euro. Gold,
which traded at a two-month low of $652.01 on May 24, has risen 3
percent so far this year as the dollar dropped 1.9 percent
against the euro.
Read more at Bloomberg Commodities News
changed near a two-month low amid speculation the dollar will
strengthen further against the euro, reducing the appeal of the
precious metal as an alternative investment. Silver rose.
Gold generally moves in the opposite direction to the dollar
which last week gained to a six-week high against the euro. Gold,
which traded at a two-month low of $652.01 on May 24, has risen 3
percent so far this year as the dollar dropped 1.9 percent
against the euro.
Read more at Bloomberg Commodities News
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