Tuesday, 08 May 2007

Gold Drops as Dollar's Gain May Erode Investor Demand; Silver Also Deline

(Bloomberg) -- Gold fell for a second consecutive day on speculation a rebound in the dollar against the euro will erode investor demand for precious metals as an alternative investment. Silver also declined.

Bullion has moved in the opposite direction to the dollar 78 percent of the time this year. The dollar gained today for the first time in three days. The Federal Reserve meets tomorrow to discuss interest rates.


Read more at Bloomberg Commodities News

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