Gold Climbs To Highest In Almost Three Weeks As Dollar Declines

Source:

...Gold generally moves in the opposite direction of the dollar, which fell against the euro and tumbled to the lowest since 1992 against the pound.

Gold prices in New York climbed to the highest in almost three weeks as a declining dollar spurred demand for the metal as an alternative investment.

Gold generally moves in the opposite direction of the dollar, which fell against the euro and tumbled to the lowest since 1992 against the pound. Gold gained 23 percent last year as the dollar fell 7 percent against a basket of six major currencies.

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