(Bloomberg) -- Gold fell in London on speculation
that demand for the precious metal will slow after the dollar
gained against the euro. Silver also declined.
Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent gain in producer
prices in May, higher than the 0.6 percent increase forecast by
analysts surveyed by Bloomberg News. Traders and analysts are
awaiting the U.S. report on the consumer price index for May
that's due later today.
Read more at Bloomberg Commodities News
that demand for the precious metal will slow after the dollar
gained against the euro. Silver also declined.
Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent gain in producer
prices in May, higher than the 0.6 percent increase forecast by
analysts surveyed by Bloomberg News. Traders and analysts are
awaiting the U.S. report on the consumer price index for May
that's due later today.
Read more at Bloomberg Commodities News
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