Wednesday, June 13, 2007

Gold Rises in New York as Dollar's Rally Against Euro Stalls; Silver Gains

(Bloomberg) -- Gold rose in New York as the
dollar's rally against the euro stalled, boosting the appeal of
the precious metal as an alternative investment. Silver gained.

Gold generally moves in the opposite direction of the U.S.
dollar, which was little changed against the euro after climbing
1.7 percent since June 5. Gold has lost about 3.2 percent since
then.


Read more at Bloomberg Commodities News

No comments: