Wednesday, April 25, 2007

Gold Gains on Speculation Weaker Dollar Will Spur Demand; Silver Declines

(Bloomberg) -- Gold and silver gained on speculation a weakening dollar will increase investor demand for the precious metals.

Gold has climbed 7.7 percent this year and silver is up 6.8 percent as the U.S. currency lost value against the euro, pound and yen. Jewelers usually stock up on the metal this month for the wedding season in India, the world's biggest gold consumer.


Read more at Bloomberg Commodities News

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