(Bloomberg) -- Gold and silver fell in New York on
speculation the dollar will halt its slide against the euro,
reducing the appeal of the precious metals as alternative
investments.
Gold usually moves in the opposite direction of the dollar,
which was little changed against the euro ahead of Federal
Reserve Chairman Ben S. Bernanke's semi-annual report on the
economy tomorrow. Gold and the euro both have gained 4.4 percent
this year.
Read more at Bloomberg Commodities News
speculation the dollar will halt its slide against the euro,
reducing the appeal of the precious metals as alternative
investments.
Gold usually moves in the opposite direction of the dollar,
which was little changed against the euro ahead of Federal
Reserve Chairman Ben S. Bernanke's semi-annual report on the
economy tomorrow. Gold and the euro both have gained 4.4 percent
this year.
Read more at Bloomberg Commodities News
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