Gold Little Changed in Asia as Dollar Rises Against Yen; Silver Declines

(Bloomberg) -- Gold was little changed in Asia amid
speculation that a rise in the U.S. dollar against the Japanese
yen will erode investor demand for precious metals as an
alternative investment. Silver declined.

Bullion usually moves in the opposite direction to the
dollar. The U.S. currency rose to a three-month high versus the
yen yesterday as traders reduced bets the U.S. Federal Reserve
will cut interest rates this year.


Read more at Bloomberg Commodities News