(Bloomberg) -- Gold fell from a two-month high in
New York as the dollar's decline against the euro stalled,
reducing the appeal of the precious metal as an alternative
investment. Silver also dropped.
The dollar rebounded from a record $1.3845 against the euro
as a price chart some investors use to predict currency movements
suggested the decline was too rapid. Before today, gold has
gained 7.3 percent this year, and the dollar slumped 4.6 percent
against the euro.
Read more at Bloomberg Commodities News
New York as the dollar's decline against the euro stalled,
reducing the appeal of the precious metal as an alternative
investment. Silver also dropped.
The dollar rebounded from a record $1.3845 against the euro
as a price chart some investors use to predict currency movements
suggested the decline was too rapid. Before today, gold has
gained 7.3 percent this year, and the dollar slumped 4.6 percent
against the euro.
Read more at Bloomberg Commodities News
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