Gold, Silver Futures Decline After U.S. Dollar's Slump Against Euro Stalls

(Bloomberg) -- Gold fell from a two-month high in
New York as the dollar's decline against the euro stalled,
reducing the appeal of the precious metal as alternative
investments. Silver also dropped.

The dollar rebounded from a record $1.3845 against the euro
as a price chart some investors use to predict currency
movements suggested the decline was too rapid. Before today,
gold has gained 7.3 percent this year, and the dollar slumped
4.8 percent against the euro.


Read more at Bloomberg Commodities News