Tuesday, July 3, 2007

Gold Futures May Decline on Speculation Euro Rally to Stall; Silver Falls

(Bloomberg) -- Gold, little changed in New York, may
fall on speculation the euro's rally against the dollar will
stall, reducing the appeal of the precious metal as an
alternative investment. Silver fell.

Gold generally moves in tandem with the euro, which was
little changed against the dollar after climbing 1.3 percent in
two previous sessions. Before today, gold had climbed 3.3 percent
this year and the euro had risen 3.2 percent against the dollar.


Read more at Bloomberg Commodities News

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