Gold, little changed in New York yesterday, may fall as the dollar extends gains against the euro, eroding demand for the metal as an alternative investment.
Silver climbed to its highest price in almost a month. EU Monetary Affairs Commissioner Olli Rehn said Greece must deepen measures to reduce its budget deficit after meeting with Greek Finance Minister George Papaconstantinou. Concern about Greece's debts boosted the dollar last month.
Gold typically moves inversely to the dollar. "We expect the euro and broad risk sentiment to provide further direction for gold," said James Moore of TheBullionDesk.com. - Bloomberg
