Tuesday, April 24, 2007

Gold and Silver, Little Changed in New York, May Fall on Dollar's Outlook

(Bloomberg) -- Gold and silver, little changed in New York, may fall on speculation a steady U.S. dollar will reduce the appeal of precious metals as an alternative investment.

Gold often moves in the opposite direction of the U.S. currency, which is little changed against the euro this week after four straight weekly declines. Before today, gold had climbed 8.8 percent this year while the euro had gained 2.9 percent against the dollar.


Read more at Bloomberg Commodities News

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