Gold Futures Drop From 11-Week High as U.S. Dollar Rallies; Silver Falls

(Bloomberg) -- Gold fell from an 11-week high in
New York as the dollar gained the most against the euro in almost
five months, eroding the metal's appeal as an alternative
investment. Silver also fell.

Gold often moves in the opposite direction of the U.S.
currency, which gained after U.S. stocks rebounded from a slump
yesterday. Before today, gold had gained 7.3 percent this year as
the dollar slumped 4.5 percent against the euro.


Read more at Bloomberg Commodities News