Friday, May 4, 2007

Gold andSilver Advance in London Dollar Declines Before U.S. Jobs Report

(Bloomberg) -- Gold and silver gained before a U.S. jobs report that's expected to signal slowing growth, reducing the value of the dollar and increasing demand for precious metals as an alternative investment. Silver gained.

U.S. employers probably added 100,000 jobs last month, the fewest jobs in two years, according to the median estimate of 85 economists surveyed by Bloomberg. Gold has climbed 7.4 percent this year as the dollar dropped 2.7 percent against the euro.


Read more at Bloomberg Commodities News

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