Monday, July 30, 2007

Gold Gains on Speculation Dollar's Drop May Revive Demand; Silver Advances

(Bloomberg) -- Gold rose for the first time in a
week in London as the dollar's decline against the euro may
revive investor demand for the precious metal. Silver gained.

Gold has climbed 3.9 percent this year as the dollar fell
3.5 percent against the euro. Investment in StreetTracks Gold
Trust, the biggest exchange-traded fund backed by bullion, fell
last week for the first time in four weeks as the dollar
rebounded, World Gold Council figures show.


Read more at Bloomberg Commodities News

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