Tuesday, July 17, 2007

Gold, Silver Futures Climb in New York on Speculation Dollar to Weaken

(Bloomberg) -- Gold and silver climbed in New York
on speculation a decline in the value of the dollar will boost
demand for the precious metals as alternative investments.

Gold generally moves in the opposite direction of the
dollar, which was little changed against the euro today after
falling to a record last week. Gold and the euro both have
gained close to 4.5 percent this year.


Read more at Bloomberg Commodities News

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