Sunday, April 15, 2007

Gold Increases to Six-Week High in Asia Trade, Silver Nears Six-Week High

(Bloomberg) -- Gold was little changed in Asia after earlier rising to a six-week high as a fall in the dollar boosted demand for the metal as an alternative investment.

Gold, which generally moves in the opposite direction of the dollar, touched $687.75 in early Asian trade today, its highest since Feb. 27. The dollar fell to a two-year low against the euro today on speculation European economic growth will outpace that of the U.S.


Read more at Bloomberg Commodities News

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