(Bloomberg) -- Gold may rise for a second straight
week on speculation that a weaker dollar will boost demand for
the precious metal as an alternative investment.
Seventeen of 27 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on Aug. 2 and Aug. 3 advised
buying gold, which rose 1.8 percent last week to $684.40 an ounce
on the Comex division of the New York Mercantile Exchange. One
respondent said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
week on speculation that a weaker dollar will boost demand for
the precious metal as an alternative investment.
Seventeen of 27 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on Aug. 2 and Aug. 3 advised
buying gold, which rose 1.8 percent last week to $684.40 an ounce
on the Comex division of the New York Mercantile Exchange. One
respondent said to sell, and nine were neutral.
Read more at Bloomberg Commodities News
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