Gold, Silver Head for Weekly Gains in London on Dollar Weakness

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The dollar has dropped 0.5 percent against the euro this week and may fall further after a government report that will probably show U.S. companies added fewer workers in July than in the previous month.

Gold and silver headed for weekly gains in London as the dollar weakened against the euro, supporting demand for the metals as an alternative asset.

The dollar has dropped 0.5 percent against the euro this week and may fall further after a government report that will probably show U.S. companies added fewer workers in July than in the previous month. A strike threat at AngloGold Ashanti Ltd., Gold Fields Ltd. and Harmony Mining Co., South Africa's biggest gold producers, is also supporting prices, David Thurtell, an analyst at BNP Paribas in London, said yesterday in a daily report....

Gold's gain has been limited this week by concerns that the U.S. subprime loan problem that triggered a sell-off in stock markets may spread to other markets, including metals.

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