Tuesday, November 18, 2008

Gold Falls in N.Y. as Dollar Climbs; Platinum, Silver Decline

Nov. 17 (Bloomberg) -- Gold fell in New York as the dollar climbed, reducing the appeal of the precious metal as an alternative investment. Platinum and silver also declined.
The dollar gained against a weighted basket of six major currencies, extending a two-week rally. Precious meals often move in the opposite direction of the greenback. Gold fell 18 percent last month as the dollar rallied 7.8 percent.

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