(Bloomberg) -- Gold and silver fell in New York on
speculation a pickup in the U.S. economy may keep the Federal
Reserve from cutting interest rates, boosting the dollar and
reducing the metals' appeal as alternative investments.
Gold generally moves in the opposite direction of the
dollar, which rose for the first day in five against a basket of
six major currencies. Before today, gold had gained 3.4 percent
this year, while the dollar index had dropped 1.4 percent.
Read more at Bloomberg Commodities News
speculation a pickup in the U.S. economy may keep the Federal
Reserve from cutting interest rates, boosting the dollar and
reducing the metals' appeal as alternative investments.
Gold generally moves in the opposite direction of the
dollar, which rose for the first day in five against a basket of
six major currencies. Before today, gold had gained 3.4 percent
this year, while the dollar index had dropped 1.4 percent.
Read more at Bloomberg Commodities News
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