Thursday, 12 July 2007

Gold, Silver Gain in New York as Dollar Slides to Record Low Against Euro

(Bloomberg) -- Gold and silver rose in New York
after the dollar fell to a record low against the euro, boosting
the appeal of the precious metals as alternative investments

Gold generally moves in the opposite direction of the U.S.
dollar. Before today, gold had gained 3.8 percent this year
while the euro had climbed 4.2 percent against the dollar.


Read more at Bloomberg Commodities News

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