Gold, Silver Futures Climb as Euro Strengthens Against Dollar

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Gold generally moves in tandem with the euro, which gained on speculation that policy makers in the 13-nation region will increase interest rates this year.

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

Gold generally moves in tandem with the euro, which gained on speculation that policy makers in the 13-nation region will increase interest rates this year. Before today, gold climbed 3.7 percent this year while the euro gained 1.9 percent against the dollar.

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