Gold Falls in London, Heading for Weekly Drop, on Dollar; Silver Rebounds

(Bloomberg) -- Gold fell in London, heading for the
longest losing streak since June, as gains in the dollar may
accelerate declining demand for the precious metal as an
alternative investment. Silver rebounded.

Investment demand for gold in exchange-traded funds watched
by the World Gold Council has declined 3.3 percent since April
20. Gold prices dropped 5.4 percent over the same period while
the dollar climbed 1.1 percent against the euro.


Read more at Bloomberg Commodities News