(Bloomberg) -- Gold rose, heading for a second
consecutive weekly advance, on signs declines in the dollar have
helped to revive demand for the precious metal as an alternative
investment. Silver advanced.
Investment in the StreetTracks Gold Trust, the biggest
exchange-traded fund backed by bullion, has climbed 4.4 percent
this month, heading for the first monthly gain since April,
figures from the World Gold Council show. Gold has climbed 4.3
percent from a four-month low on June 27 as the dollar has
fallen to a record low against the euro.
Read more at Bloomberg Commodities News
consecutive weekly advance, on signs declines in the dollar have
helped to revive demand for the precious metal as an alternative
investment. Silver advanced.
Investment in the StreetTracks Gold Trust, the biggest
exchange-traded fund backed by bullion, has climbed 4.4 percent
this month, heading for the first monthly gain since April,
figures from the World Gold Council show. Gold has climbed 4.3
percent from a four-month low on June 27 as the dollar has
fallen to a record low against the euro.
Read more at Bloomberg Commodities News
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