Thursday, April 19, 2007

Gold, Silver Rebound in Asia as Dollar's Fall Boosts Demand for the Metals

(Bloomberg) -- Gold and silver rebounded in Asia as the dollar headed for its fourth consecutive weekly decline against the euro, boosting demand for the precious metal as an alternative investment.

Gold generally moves counter to the dollar, which traded within a cent of its record low versus the euro on speculation slowing U.S. growth will cut the currency's appeal. Gold yesterday had its biggest one day fall since March 2.


Read more at Bloomberg Emerging Markets News

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