(Bloomberg) -- Gold gained in Asia amid speculation
a fall in the dollar will help to boost demand for the precious
metal as an alternative investment. Silver also rose.
Gold generally moves in tandem with the euro which gained
against the dollar on speculation Europe's inflation rate will
quicken, boosting the prospect the European Central Bank will
raise interest rates tomorrow. Gold has risen 5.6 percent this
year, while the euro gained 2.2 percent.
Read more at Bloomberg Commodities News
a fall in the dollar will help to boost demand for the precious
metal as an alternative investment. Silver also rose.
Gold generally moves in tandem with the euro which gained
against the dollar on speculation Europe's inflation rate will
quicken, boosting the prospect the European Central Bank will
raise interest rates tomorrow. Gold has risen 5.6 percent this
year, while the euro gained 2.2 percent.
Read more at Bloomberg Commodities News
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