(Bloomberg) -- Gold may fall for a fourth-straight
week on speculation the euro will weaken further against the
dollar, reducing the appeal of the precious metal as an
alternative investment.
Fifteen of the 28 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on May 24 and May 25 advised
selling gold, which fell 1 percent to $655.30 an ounce last week
on the Comex division of the New York Mercantile Exchange. It
was the most bearish response to the weekly survey since October
2005. Nine said to buy and four were neutral.
Read more at Bloomberg Commodities News
week on speculation the euro will weaken further against the
dollar, reducing the appeal of the precious metal as an
alternative investment.
Fifteen of the 28 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on May 24 and May 25 advised
selling gold, which fell 1 percent to $655.30 an ounce last week
on the Comex division of the New York Mercantile Exchange. It
was the most bearish response to the weekly survey since October
2005. Nine said to buy and four were neutral.
Read more at Bloomberg Commodities News
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