LONDON, June 3 (Reuters) - Gold climbed on Tuesday as the dollar softened on worries over the deteriorating health of the U.S. economy, boosting the precious metal’s appeal as an alternative investment.
Gold is often bought as a hedge against a weakening dollar, and also becomes cheaper for holders of other currencies when the greenback loses [...]

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.
Other commodities joined in the rally, with everything from copper to heating oil and agriculture futures trading higher.