Gold, Silver Climb in New York Amid Speculation Dollar's Rally to Stall

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Gold, Silver Rise as Oil Costs Spur Demand for Inflation Hedge.

Gold and silver prices climbed in New York on speculation higher
energy costs will boost demand for precious metals as hedges
against inflation.

Gold also rallied on speculation the dollar will weaken against
the euro. Gold generally moves in the opposite direction of the dollar,
which was little changed against the euro after climbing 1.7
percent since June 5. Gold has lost 3.1 percent since then.