Tuesday, July 17, 2007

Gold, Silver Futures May Rise in New York on Speculation Dollar to Weaken

(Bloomberg) -- Gold and silver, little changed in
New York, may rise on speculation a decline in the value of the
dollar will boost demand for the precious metals as alternative
investments.

Gold generally moves in the opposite direction of the
dollar, which was little changed against the euro today after
falling to a record last week. Gold and the euro both have
gained 4.4 percent this year.


Read more at Bloomberg Commodities News

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