(Bloomberg) -- Gold may rise, ending a two-week
decline, on speculation that a reduction in the value of the
dollar will boost the appeal of the precious metal as an
alternative investment.
Seventeen of the 32 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on May 17 and May
18 advised buying gold, which fell 1.5 percent to $662 an ounce
last week on the Comex division of the New York Mercantile
Exchange. Ten said to sell and five were neutral.
Read more at Bloomberg Commodities News
decline, on speculation that a reduction in the value of the
dollar will boost the appeal of the precious metal as an
alternative investment.
Seventeen of the 32 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on May 17 and May
18 advised buying gold, which fell 1.5 percent to $662 an ounce
last week on the Comex division of the New York Mercantile
Exchange. Ten said to sell and five were neutral.
Read more at Bloomberg Commodities News
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