(Bloomberg) -- Gold may rise as the dollar extended
declines against the euro, increasing demand for the precious
metal as an alternative investment. Silver dropped.
Bullion has climbed 4.4 percent this year while the dollar
has fallen 4.3 percent against the euro. ``The dollar is the
biggest influence on gold,'' said Jack Allen, head gold trader
at Natixis Commodity Markets in London.
Read more at Bloomberg Commodities News
declines against the euro, increasing demand for the precious
metal as an alternative investment. Silver dropped.
Bullion has climbed 4.4 percent this year while the dollar
has fallen 4.3 percent against the euro. ``The dollar is the
biggest influence on gold,'' said Jack Allen, head gold trader
at Natixis Commodity Markets in London.
Read more at Bloomberg Commodities News
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