(Bloomberg) -- Gold was little changed in Asia after
gaining on the dollar's decline to near a record low against the
euro. Silver was unchanged.
Gold usually moves in the opposite direction to the dollar
as the U.S. currency's fall makes dollar-priced gold cheaper to
investors with other currencies. The precious metal was also
supported yesterday by oil's rise to a 10-month high.
Read more at Bloomberg Commodities News
gaining on the dollar's decline to near a record low against the
euro. Silver was unchanged.
Gold usually moves in the opposite direction to the dollar
as the U.S. currency's fall makes dollar-priced gold cheaper to
investors with other currencies. The precious metal was also
supported yesterday by oil's rise to a 10-month high.
Read more at Bloomberg Commodities News
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