(Bloomberg) -- Gold may fall in London on
speculation U.S. employment data will boost the dollar against
other currencies, eroding the metal's appeal as an alternative
investment. Silver declined.
The dollar may gain from speculation accelerating job
creation in the U.S. will bolster consumer spending, decreasing
the likelihood the Federal Reserve will lower interest rates.
Gold and the dollar typically move in opposite directions.
Bullion surged 23 percent last year while the U.S. currency lost
11.4 percent against the euro.
Read more at Bloomberg Commodities News
speculation U.S. employment data will boost the dollar against
other currencies, eroding the metal's appeal as an alternative
investment. Silver declined.
The dollar may gain from speculation accelerating job
creation in the U.S. will bolster consumer spending, decreasing
the likelihood the Federal Reserve will lower interest rates.
Gold and the dollar typically move in opposite directions.
Bullion surged 23 percent last year while the U.S. currency lost
11.4 percent against the euro.
Read more at Bloomberg Commodities News
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