(Bloomberg) -- Gold and silver prices rose in New
York as a decline in the value of the dollar against the euro
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which dropped against the euro after a government report
showed the U.S. economy grew last quarter at the weakest in more
than four years. Before today, gold had gained 3.3 percent this
year as the euro climbed 1.8 percent against the dollar.
Read more at Bloomberg Commodities News
York as a decline in the value of the dollar against the euro
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which dropped against the euro after a government report
showed the U.S. economy grew last quarter at the weakest in more
than four years. Before today, gold had gained 3.3 percent this
year as the euro climbed 1.8 percent against the dollar.
Read more at Bloomberg Commodities News
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