LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

GOLD DECLINES / DOLLAR UP

[ggoldbbug]

Vanchester won't like this headline. Gold declines as dollar strengthens 2 Aug, 2007, 1601 hrs IST, AGENCIES Print Save EMail Write to Editor LONDON: Gold and silver fell in London on speculation the dollar's gains against the euro may stall demand for the precious metal as an alternative investment. The dollar climbed versus the euro for a third consecutive day. Before Thursday, bullion had risen 4.5 per cent this year as the dollar declined. Investment in StreetTracks Gold Trust, the biggest exchange-traded fund backed by the metal, gained to a record yesterday, figures from the World Gold Council showed. Gold for immediate delivery dropped 1.50 dollar, or 0.2 per cent, to 665.40 dollar an ounce. Silver fell 1 cent, or 0.1 per cent, to 12.975 dollar an ounce. Print Save EMail Write to Editor