Gold prices rose Tuesday after the dollar slumped to a new low against the euro and crude oil spiked to near $120 — inflationary moves that boosted the metal's appeal as an alternative investment.

A weak dollar typically encourages investors to shift resources into hard assets like gold and silver, which are known for holding their value. A falling greenback also makes dollar-denominated commodities appear cheaper to overseas investors.

Gold for June delivery rose $7.60 to settle at $925.20 an ounce on the New York Mercantile Exchange, after earlier rising as high as $928.50. Silver for May delivery added 35 cents to $17.71 an ounce on the Nymex.

4/22/08 http://ap.google.com/article/ALeqM5jND4r...