(Bloomberg) -- Gold was little changed in Asia amid
speculation a decline in the dollar may boost the appeal of the
precious metal as a hedge against the U.S. currency.
Gold often moves in the opposite direction to the dollar,
which fell for a second day against the euro after a report
yesterday showed U.S. homebuilders' confidence fell, according to
traders including Osao Iizuka at Sumitomo Trust & Banking Co.
Read more at Bloomberg Commodities News
speculation a decline in the dollar may boost the appeal of the
precious metal as a hedge against the U.S. currency.
Gold often moves in the opposite direction to the dollar,
which fell for a second day against the euro after a report
yesterday showed U.S. homebuilders' confidence fell, according to
traders including Osao Iizuka at Sumitomo Trust & Banking Co.
Read more at Bloomberg Commodities News
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