Sunday, July 15, 2007

Gold Trades in Asia Near a One-Month High on Dollar's Decline Versus Euro

(Bloomberg) -- Gold traded near a one-month high in
Asia as the dollar's decline boosted demand for the metal as an
alternative investment. Silver gained.

The dollar traded near a record low against the euro today
before U.S. reports on inflation and housing. Gold generally
moves in the opposite direction of the U.S. currency.


Read more at Bloomberg Commodities News

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