Tuesday, May 22, 2007

Gold Rises for Third Session Amid Jewelry Purchases; Silver Little Changed

(Bloomberg) -- Gold climbed for a third session on
speculation rising jewelry demand will revive consumption from
investors. Silver was little changed.

Purchases from Vietnam, China and India helped gold jewelry
demand gain 17 percent in the first quarter from a year earlier,
the producer-funded World Gold Council said last week. Gold has
climbed 4.3 percent this year as declines in the dollar against
the euro may spur demand for an alternative investment.


Read more at Bloomberg Commodities News

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