Gold May Fall as Dollar Extends Gain Against the Euro; Silver Is Steady

(Bloomberg) -- Gold may decline in London as the
dollar extended gains against the euro, reducing demand for the
metal as an alternative investment. Silver was little changed.

The price of gold has dropped for two consecutive weeks as
the dollar climbed for three weeks against the euro. Investment
in StreetTracks Gold Trust, the biggest fund for gold on the New
York Stock Exchange, dropped 3.5 percent in two days last week,
according to the Web site of Exchange Traded Gold.


Read more at Bloomberg Commodities News