(Bloomberg) -- Gold was little changed in Asia amid
speculation that yesterday's sell-off, linked to the dollar's
gains and concern about higher global interest, was overdone.
Gold, which generally moves in the opposite direction of the
dollar, fell 1 percent yesterday as the dollar rose 0.4 percent
against the euro. Gold, which becomes less attractive when
interest rates rise because the metal has no fixed returns, also
fell on speculation of increasing global rates.
Read more at Bloomberg Commodities News
speculation that yesterday's sell-off, linked to the dollar's
gains and concern about higher global interest, was overdone.
Gold, which generally moves in the opposite direction of the
dollar, fell 1 percent yesterday as the dollar rose 0.4 percent
against the euro. Gold, which becomes less attractive when
interest rates rise because the metal has no fixed returns, also
fell on speculation of increasing global rates.
Read more at Bloomberg Commodities News
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