(Bloomberg) -- Gold rose for a second day in Asia,
supported by demand from investors for an alternative to the
weakening dollar and for a hedge against inflation as oil prices
traded near a 10-month high. Silver was little changed.
Gold has gained almost 2 percent in the past week as the
dollar-priced metal has become cheaper to investors holding other
currencies. The dollar traded near a record low against the euro
today and near the lowest in 26 years versus the British pound on
prospects for higher European interest rates.
Read more at Bloomberg Commodities News
supported by demand from investors for an alternative to the
weakening dollar and for a hedge against inflation as oil prices
traded near a 10-month high. Silver was little changed.
Gold has gained almost 2 percent in the past week as the
dollar-priced metal has become cheaper to investors holding other
currencies. The dollar traded near a record low against the euro
today and near the lowest in 26 years versus the British pound on
prospects for higher European interest rates.
Read more at Bloomberg Commodities News
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