(Bloomberg) -- Gold and silver rose for a third straight session in New York on speculation interest rates in the U.S. will remain steady, weakening the dollar and increasing the appeal of precious metals as an alternative investment.
Gold generally moves in the opposite direction of the dollar, which fell against the euro today on speculation a slowing U.S. economy will force the Federal Reserve to keep rates steady at its meeting on May 9. Gold has risen 8.5 percent this year while the dollar has fallen 3.1 percent against the euro.
Read more at Bloomberg Commodities News
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