Gold, Silver Prices Drop in New York After Dollar Strengthens Against Euro

(Bloomberg) -- Gold and silver prices fell in New
York on speculation a decline in the value of the euro against
the dollar will reduce the appeal of precious metals as a hedge
against the U.S. currency.

Gold generally moves in tandem with the euro, which is down
1.4 percent against the dollar since reaching a record on April
27. Before today, gold had gained 4 percent this year as the
euro climbed 2.1 percent against the dollar.


Read more at Bloomberg Commodities News