Tuesday, May 1, 2007

Gold Little Changed Amid Dollar Recovery and Speculation Losses Overdone

(Bloomberg) -- Gold was little changed in Asia as investors bet yesterday's sell-off in the precious metal as the dollar rallied was overdone. Silver gained.

Gold, which last week fell for the first week in eight, dropped 0.7 percent yesterday amid speculation investors may sell bullion after the dollar's drop last week against the euro failed to spur a rally. The U.S. currency advanced for a third day today against the euro and traded at a two-month high against the yen.


Read more at Bloomberg Commodities News

No comments: