(Bloomberg) -- Gold may rise, topping $700 an ounce
for the first time since May 2006, on speculation the dollar
will weaken further against the euro and boost the appeal of the
precious metal as an alternative investment.
Twenty-three of 27 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on July 19 and July 20
advised buying gold, which rose 2.6 percent last week to $684.70
an ounce on the Comex division of the New York Mercantile
Exchange. Three said to sell, and one was neutral.
Read more at Bloomberg Commodities News
for the first time since May 2006, on speculation the dollar
will weaken further against the euro and boost the appeal of the
precious metal as an alternative investment.
Twenty-three of 27 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on July 19 and July 20
advised buying gold, which rose 2.6 percent last week to $684.70
an ounce on the Comex division of the New York Mercantile
Exchange. Three said to sell, and one was neutral.
Read more at Bloomberg Commodities News
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