(Bloomberg) -- Gold rose after falling 2.2 percent yesterday as the dollar's recovery to a one-month high against the euro reduced the precious metal's appeal as an alternative investment. Tokyo futures fell as much as the daily limit.
Gold often moves in the opposite direction to the U.S. currency. The euro headed for the biggest weekly loss against the dollar since the start of the year after European Central Bank President Jean-Claude Trichet, who yesterday flagged a June rate increase, gave no indication of policy direction after that.
Read more at Bloomberg Commodities News
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