(Bloomberg) -- Gold and silver rose for a second straight day in New York on speculation interest rates in the U.S. will remain steady, weakening the dollar and boosting the appeal of precious metals as an alternative investment.
Gold generally moves in the opposite direction of the dollar, which fell against the euro today. The Labor Department reported U.S. employers added fewer jobs than expected in April, damping expectations that the Federal Reserve will raise interest rates anytime soon.
Read more at Bloomberg Commodities News
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