Gold Rises in London as Dollar's Slump Boosts Demand; Silver Also Advances

(Bloomberg) -- Gold rose in London on demand for a
hedge against further declines in the dollar as the U.S. currency
traded near a record-low against the euro. Silver also gained.

Gold has risen 2.8 percent this year while the dollar has
declined 3.1 percent against the euro. The dollar fell today on
speculation central banks in Europe will raise interest rates
while the Federal Reserve remains on hold. Gold fell yesterday,
with most of the decline in U.S. trading hours.


Read more at Bloomberg Commodities News