(Bloomberg) -- Gold and silver rose in New York
after a decline in the value of the dollar against the euro
increased the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which fell against the euro after a report showed U.S.
consumer prices rose less than forecast in May. Before today,
gold had gained 2.8 percent this year while the euro had climbed
0.9 percent against the dollar.
Read more at Bloomberg Commodities News
after a decline in the value of the dollar against the euro
increased the appeal of precious metals as alternative
investments.
Gold generally moves in the opposite direction of the
dollar, which fell against the euro after a report showed U.S.
consumer prices rose less than forecast in May. Before today,
gold had gained 2.8 percent this year while the euro had climbed
0.9 percent against the dollar.
Read more at Bloomberg Commodities News
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