(Bloomberg) -- Gold was little changed in Asia amid
speculation that a further rise in the dollar may reduce demand
for the precious metal as an alternative investment. Silver was
also little changed.
Gold generally moves in the opposite direction to the U.S.
currency, which gained yesterday amid speculation that U.S.
economic growth may keep the Federal Reserve from cutting
interest rates. Gold has risen 2.4 percent this year, while the
dollar has dropped 1.4 percent versus the euro.
Read more at Bloomberg Commodities News
speculation that a further rise in the dollar may reduce demand
for the precious metal as an alternative investment. Silver was
also little changed.
Gold generally moves in the opposite direction to the U.S.
currency, which gained yesterday amid speculation that U.S.
economic growth may keep the Federal Reserve from cutting
interest rates. Gold has risen 2.4 percent this year, while the
dollar has dropped 1.4 percent versus the euro.
Read more at Bloomberg Commodities News
No comments:
Post a Comment