(Bloomberg) -- Gold and silver fell in New York on
speculation higher bond yields may boost the dollar, reducing
the appeal of precious metals as alternative investments.
Gold generally moves in the opposite direction of the
dollar, which pared losses after touching a two-week low against
the euro as the yield on the benchmark 10-year U.S. Treasury
note climbed for the first time in four sessions. Before today,
gold had gained 4.2 percent this year, while the dollar dropped
1.7 percent against the euro.
Read more at Bloomberg Commodities News
speculation higher bond yields may boost the dollar, reducing
the appeal of precious metals as alternative investments.
Gold generally moves in the opposite direction of the
dollar, which pared losses after touching a two-week low against
the euro as the yield on the benchmark 10-year U.S. Treasury
note climbed for the first time in four sessions. Before today,
gold had gained 4.2 percent this year, while the dollar dropped
1.7 percent against the euro.
Read more at Bloomberg Commodities News
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