(Bloomberg) -- Gold traded near a two-month low in
Asia as the dollar rose to highest in six weeks, reducing demand
for the precious metal as an alternative investment. Silver rose.
Gold generally moves in the opposite direction of the dollar
which gained against the euro after a U.S. government report
yesterday showed purchases of new homes in the U.S. increased the
most in 14 years. Before today gold had gained 2.8 percent this
year as the euro climbed 1.7 percent against the dollar.
Read more at Bloomberg Commodities News
Asia as the dollar rose to highest in six weeks, reducing demand
for the precious metal as an alternative investment. Silver rose.
Gold generally moves in the opposite direction of the dollar
which gained against the euro after a U.S. government report
yesterday showed purchases of new homes in the U.S. increased the
most in 14 years. Before today gold had gained 2.8 percent this
year as the euro climbed 1.7 percent against the dollar.
Read more at Bloomberg Commodities News
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