(Bloomberg) -- Gold rose in Asia as a decline in the
value of the dollar boosted the appeal of the precious metal as
a hedge against the U.S. currency. Silver also advanced.
The dollar fell against the yuan after China allowed its
currency to strengthen at a faster pace, and raised interest
rates. The U.S. currency, which generally moves in the opposite
direction to the precious metal, also declined against the euro.
Read more at Bloomberg Commodities News
value of the dollar boosted the appeal of the precious metal as
a hedge against the U.S. currency. Silver also advanced.
The dollar fell against the yuan after China allowed its
currency to strengthen at a faster pace, and raised interest
rates. The U.S. currency, which generally moves in the opposite
direction to the precious metal, also declined against the euro.
Read more at Bloomberg Commodities News
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