(Bloomberg) -- Gold rose in Asian trading as the dollar traded near a record low against the euro, boosting the appeal of the precious metal as an alternative investment. Silver also gained.
The dollar fell before the release today of housing figures in the U.S. that may add to signs the world's largest economy is slowing. Gold, which rose to an 11-month high of $694.25 on April 23, has gained 6.5 percent this year, while the euro has risen 3.4 percent against the dollar. Financial markets are closed today in China, South Korea, Hong Kong and Singapore.
Read more at Bloomberg Commodities News
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