(Bloomberg) -- Gold and silver, little changed in
New York, headed for the biggest weekly gain in six as a decline
in the value of the dollar increased demand for precious metals
as an alternative investment.
Gold generally moves in the opposite direction of the U.S.
currency, which fell to a record low against the euro. Before
today, gold had gained 4.8 percent this year and the euro had
climbed 4.5 percent against the dollar.
Read more at Bloomberg Commodities News
New York, headed for the biggest weekly gain in six as a decline
in the value of the dollar increased demand for precious metals
as an alternative investment.
Gold generally moves in the opposite direction of the U.S.
currency, which fell to a record low against the euro. Before
today, gold had gained 4.8 percent this year and the euro had
climbed 4.5 percent against the dollar.
Read more at Bloomberg Commodities News
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