Gold News

Gold is little changed but may fall if the Dollar declines today

Gold is little changed but may fall if the Dollar declines today

The dollar declined as gains in equities sapped demand for the U.S. currency

Gold was little changed in Asia, however the metal may gain as the greenback weakened against the euro this morning, boosting demand for the precious metal as an alternative investment. The dollar declined as gains in equities sapped demand for the U.S. currency and on prospects European Central Bank President Jean-Claude Trichet will today signal policy makers will refrain from lowering borrowing costs. Gold is trading at $913 as of 9:22am, London Time. Gold