(Bloomberg) -- Gold gained in Asia as investors bet
yesterday's fall, its largest fall in four weeks, was overdone.
Silver also rose.
Gold generally moves in the opposite direction of the U.S.
dollar which yesterday advanced the most in three weeks versus
the euro on speculation the Federal Reserve will hold borrowing
costs steady. Gold yesterday fell $11.60, or 1.7 percent, its
biggest one-day fall since May 10.
Read more at Bloomberg Currencies News
yesterday's fall, its largest fall in four weeks, was overdone.
Silver also rose.
Gold generally moves in the opposite direction of the U.S.
dollar which yesterday advanced the most in three weeks versus
the euro on speculation the Federal Reserve will hold borrowing
costs steady. Gold yesterday fell $11.60, or 1.7 percent, its
biggest one-day fall since May 10.
Read more at Bloomberg Currencies News
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