Wednesday, May 23, 2007

Gold Climbs as Euro Extends Its Gain Against the Dollar; Silver Advances

(Bloomberg) -- Gold advanced in London as the euro
extended gains against the dollar, reviving demand for the
precious metal as an alternative investment. Silver also gained.

Gold dropped $4, or 0.6 percent, yesterday, partly on news
that Spain's central bank sold some of the metal, Standard Bank
Plc said in an e-mailed report today. Gold had dropped as much as
$1.70 before the euro advanced against the dollar.


Read more at Bloomberg Commodities News

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