(Bloomberg) -- Gold and silver rose in New York
after a decline in the value of the dollar against the euro
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which today dropped the most against the euro in a week.
The dollar was also lower against a basket of six major
currencies. Before today, gold and the euro have gained 1.9
percent this year.
Read more at Bloomberg Commodities News
after a decline in the value of the dollar against the euro
boosted the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which today dropped the most against the euro in a week.
The dollar was also lower against a basket of six major
currencies. Before today, gold and the euro have gained 1.9
percent this year.
Read more at Bloomberg Commodities News
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