(Bloomberg) -- Gold was little changed in Asia amid
speculation a gain in the dollar may reduce the appeal of the
precious metal as a hedge against the U.S. currency. Silver
declined.
Gold often moves in the opposite direction to the dollar
which gained against the euro ahead of a speech tomorrow by
Federal Reserve Chairman Ben S. Bernanke about inflation. Gold
has gained 2.8 percent so far this year while the dollar has
fallen 3.2 percent against the euro.
Read more at Bloomberg Commodities News
speculation a gain in the dollar may reduce the appeal of the
precious metal as a hedge against the U.S. currency. Silver
declined.
Gold often moves in the opposite direction to the dollar
which gained against the euro ahead of a speech tomorrow by
Federal Reserve Chairman Ben S. Bernanke about inflation. Gold
has gained 2.8 percent so far this year while the dollar has
fallen 3.2 percent against the euro.
Read more at Bloomberg Commodities News
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