Gold Rises in Asia as Decline on Concern About U.S. Economy Seen Overdone

(Bloomberg) -- Gold rose in Asia as some investors
bet the biggest decline in about 11 weeks yesterday, prompted by
losses in U.S. stocks, was overdone. Silver also gained.

Gold yesterday dropped the most since May 10 as a slump in
U.S. equities raised the prospect of sales of the precious metal
to cover stock market losses. The Dow Jones Industrial Average
and Standard & Poor's 500 Index had the biggest decline since
February. Brokers can make so-called margin calls on clients if
they need additional funds to guarantee contract obligations.


Read more at Bloomberg Commodities News