(Bloomberg) -- Gold and silver fell in New York as a
gain in the value of the dollar reduced demand for the precious
metals as alternative investments.
Investment in the StreetTracks Gold Trust, an exchange-
traded fund backed by bullion, has fallen 6.3 percent to 469
metric tons from a record on April 17. Before today, gold had
gained 3.9 percent this year as the euro climbed 1.9 percent
against the dollar.
Read more at Bloomberg Commodities News
gain in the value of the dollar reduced demand for the precious
metals as alternative investments.
Investment in the StreetTracks Gold Trust, an exchange-
traded fund backed by bullion, has fallen 6.3 percent to 469
metric tons from a record on April 17. Before today, gold had
gained 3.9 percent this year as the euro climbed 1.9 percent
against the dollar.
Read more at Bloomberg Commodities News
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