(Bloomberg) -- Gold and silver prices, little changed in New York, may fall for the second-straight day on speculation the dollar's rebound against the euro from a record will reduce the appeal of the metals as alternative investments.
Gold generally moves in the opposite direction of the dollar, and five of the past six bear markets in the U.S. currency have led to a higher metal price. Before today, gold was up 5 percent this year while the euro climbed 2.7 percent against the dollar. Gold reached an 11-month high on April 20 as the euro headed to a record against the dollar a week later.
Read more at Bloomberg Commodities News
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