Thursday, July 19, 2007

Gold Declines in Asia on Speculation Gains Overdone; Silver Price Rises

(Bloomberg) -- Gold fell in Asia as some investors
bet this week's rise to the highest in more than two months was
overdone. Silver gained.

Gold rose to its highest since May 10 as the dollar dropped
to a record low against the euro, boosting the appeal of the
precious metal as an alternative investment. The metal declined
today as the U.S. currency recovered.


Read more at Bloomberg Commodities News

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