Gold, Silver Futures Rise as U.S. Dollar Weakens Against Euro - JB news Feed

Gold and silver rose after a decline in the value of the dollar against the euro boosted the appeal of the precious metals as alternative investments.

Gold generally moves in the opposite direction of the dollar, which today fell against the euro after a government report showed U.S. housing starts fell to a 14-year low in September. Gold has increased 20 percent this year, heading for the seventh straight annual gain, as the dollar has fallen to an all-time low against the euro.

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Posted by Posted by Jewelry News at Wednesday, October 17, 2007 9:30 AM
Categories: gold, Precious Metals, Silver
 

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