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.


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Gold, Silver Futures Decline After U.S. Dollar's Slump Against Euro Stalls

(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.


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Gold Little Changed in Asia After Reaching Two-Month High; Silver Advances

(Bloomberg) -- Gold was little changed in Asia after
reaching the highest in more than two months, supported by the
euro's gain to a record against the dollar and crude oil's
advance last week to near a one-year high. Silver rose.

Gold generally moves in the opposite direction to the U.S.
currency, which slid to a record low of $1.3845 per euro today
amid concern about U.S. loans to homeowners with poor credit.
Crude oil was little changed at $75.53 a barrel at 11:04 a.m.
Singapore time, after climbing to $76.13 a barrel on July 20, the
highest since Aug. 10.


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Gold Drops in London as Weaker Dollar Fails to Spur Buying; Silver Gains

(Bloomberg) -- Gold rose in London, erasing an
earlier decline. Silver also advanced.

Gold for immediate delivery added $1, or 0.2 percent, to
$674 an ounce at 10:03 a.m. local time, after earlier falling as
much as $1.51. Prices this year peaked at $694.25 an ounce on
April 23.


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