(Bloomberg) -- Gold was little changed in Asia amid
demand from investors for an alternative to the weakening dollar
and for a hedge against inflation as oil prices trade near a 10-
month high. Silver declined.
Gold has gained almost 2 percent in the past week as the
dollar-priced metal has become cheaper to investors holding
other currencies. The dollar traded near a record low against
the euro today and near the lowest in 26 years versus the
British pound on prospects for higher European interest rates.
Read more at Bloomberg Commodities News
demand from investors for an alternative to the weakening dollar
and for a hedge against inflation as oil prices trade near a 10-
month high. Silver declined.
Gold has gained almost 2 percent in the past week as the
dollar-priced metal has become cheaper to investors holding
other currencies. The dollar traded near a record low against
the euro today and near the lowest in 26 years versus the
British pound on prospects for higher European interest rates.
Read more at Bloomberg Commodities News
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