(Bloomberg) -- Gold and silver rose in New York on
speculation a slowing economy may keep the Federal Reserve from
raising U.S. interest rates, weakening the dollar and boosting
the appeal of precious metals as alternative investments.
Gold often moves in the opposite direction of the dollar,
which fell against the euro after a government report showed the
U.S. economy added fewer jobs than expected last month. Before
today, the metal had gained 6 percent this year, while the euro
climbed 3.8 percent against the dollar.
Read more at Bloomberg Commodities News
speculation a slowing economy may keep the Federal Reserve from
raising U.S. interest rates, weakening the dollar and boosting
the appeal of precious metals as alternative investments.
Gold often moves in the opposite direction of the dollar,
which fell against the euro after a government report showed the
U.S. economy added fewer jobs than expected last month. Before
today, the metal had gained 6 percent this year, while the euro
climbed 3.8 percent against the dollar.
Read more at Bloomberg Commodities News
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