Gold and Silver Futures Rise in New York on Demand for Dollar Alternative

(Bloomberg) -- Gold and silver in New York rose as a
decline in the value of the dollar boosted the appeal of the
precious metals as alternative investments.

Gold generally moves in the opposite direction of the
dollar, which dropped against the euro today on speculation the
U.S. Federal Reserve won't raise interest rates anytime soon.
Before today, gold had gained 6 percent this year as the euro
climbed 2.2 percent against the dollar.


Read more at Bloomberg Commodities News