(Bloomberg) -- Gold rose in New York, heading for
the first monthly gain since April, as the dollar's decline
against the euro boosted the appeal of the precious metal as an
alternative investment. Silver also gained.
Gold generally moves in the opposite direction of the U.S.
currency. The metal is up 4.2 percent this month as the dollar
has fallen 1.2 percent against the euro.
Read more at Bloomberg Commodities News
the first monthly gain since April, as the dollar's decline
against the euro boosted the appeal of the precious metal as an
alternative investment. Silver also gained.
Gold generally moves in the opposite direction of the U.S.
currency. The metal is up 4.2 percent this month as the dollar
has fallen 1.2 percent against the euro.
Read more at Bloomberg Commodities News
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