Gold Heads for Biggest Weekly Gain in Six on Dollar's Slide; Silver Falls

(Bloomberg) -- Gold, little changed in New
York, headed for the biggest weekly gain in six as a
decline in the value of the dollar increased demand for the
precious metal as an alternative investment. Silver fell.

Gold generally moves in the opposite direction of the
U.S. currency, which fell to a record low against the euro.
Before today, gold had gained 4.8 percent this year while
the euro had climbed 4.5 percent against the dollar.


Read more at Bloomberg Commodities News