(Bloomberg) -- Gold and silver, little changed in
New York, may rise on speculation a decline in the value of the
dollar will boost the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the U.S.
dollar, which fell against the euro even after a report showed
more jobs were created last month than forecast. Before today,
gold had gained 2 percent this year while the dollar had
dropped 3 percent against the euro.
Read more at Bloomberg Commodities News
New York, may rise on speculation a decline in the value of the
dollar will boost the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the U.S.
dollar, which fell against the euro even after a report showed
more jobs were created last month than forecast. Before today,
gold had gained 2 percent this year while the dollar had
dropped 3 percent against the euro.
Read more at Bloomberg Commodities News
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