Gold, Silver Gain in New York as Dollar Trades Near Record Low Versus Euro

(Bloomberg) -- Gold and silver rose in New York as
a decline in the value of the dollar boosted the appeal of
precious metals as alternative investments.

Gold generally moves in the opposite direction of the
dollar. The U.S. currency fell to a record low against the euro
yesterday on speculation interest rates will rise faster in
Europe after Federal Reserve Chairman Ben S. Bernanke scaled
back forecasts for U.S. economic growth.


Read more at Bloomberg Commodities News