(Bloomberg) -- Gold traded little changed in Asia
after rising to a six-week high on the dollar's decline against
the euro, which boosted the appeal of the precious metal as an
alternative investment. Silver was unchanged.
Gold generally moves in the opposite direction to the dollar,
which dropped to a record low against the euro yesterday, and
traded just above that level today. Gold has gained 5.6 percent
this year, while the euro has risen 4.5 percent against the
dollar. Europe's single currency traded at $1.3796 at 10:08 a.m.
in Singapore after yesterday's high of $1.3833.
Read more at Bloomberg Commodities News
after rising to a six-week high on the dollar's decline against
the euro, which boosted the appeal of the precious metal as an
alternative investment. Silver was unchanged.
Gold generally moves in the opposite direction to the dollar,
which dropped to a record low against the euro yesterday, and
traded just above that level today. Gold has gained 5.6 percent
this year, while the euro has risen 4.5 percent against the
dollar. Europe's single currency traded at $1.3796 at 10:08 a.m.
in Singapore after yesterday's high of $1.3833.
Read more at Bloomberg Commodities News
No comments:
Post a Comment