(Bloomberg) -- Gold fell to the lowest in almost
three months in London as gains in the dollar cut demand for the
precious metal as an alternative investment. Silver also
declined.
Gold has lost 2.5 percent this month on speculation that
higher U.S. interest rates will fuel a rebound in the U.S.
currency. Investment in the metal held in the Lyxor Gold Bullion
Securities, Europe's biggest gold-backed fund, fell yesterday to
the lowest since April 27, World Gold Council data showed today.
Read more at Bloomberg Commodities News
three months in London as gains in the dollar cut demand for the
precious metal as an alternative investment. Silver also
declined.
Gold has lost 2.5 percent this month on speculation that
higher U.S. interest rates will fuel a rebound in the U.S.
currency. Investment in the metal held in the Lyxor Gold Bullion
Securities, Europe's biggest gold-backed fund, fell yesterday to
the lowest since April 27, World Gold Council data showed today.
Read more at Bloomberg Commodities News
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