Dollar Trades Near 5-Month Low against Euro

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The U.S. dollar has been falling again, trading near a five-month low against the euro on Monday.

Investors are concerned about the weak American economy and low interest rates.
While the greenback has been falling, gold prices have still been rising.  Gold hit a new record high of $1,300 an ounce on Monday.

Silver prices also reached its highest level in 30 years Monday, reaching $21.47 an ounce.

Analysts say precious metals may have a short- term correction. But they expect higher prices in the longer term. Multibillionaire hedge fund operator John Paulson has predicted gold could reach the amazing price of $4,000 an ounce.

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