March 24 (Bloomberg) -- Gold rose in New York on speculation the dollar's advance against the euro will stall. Silver increased.

The euro climbed as much as 0.2 percent against the dollar before paring gains. The euro slumped 1.6 percent last week versus the U.S. currency, while gold tumbled 8 percent after reaching a record $1,033.90 an ounce on March 17.

``Gold is looking to the dollar for direction,'' said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. ``All these funds that invested in commodities need to figure out if they're coming back in or selling more.''

(Article continues below)

Gold futures for April delivery rose $2.80, or 0.3 percent, to $922.80 an ounce at 9:17 a.m. on the Comex division of the New York Mercantile Exchange. Before today, the metal gained 9.8 percent this year.

FULL STORY: CLICK HERE