By Pham-Duy Nguyen Nov. 4 (Bloomberg) -- Gold futures rose the most in almost four weeks as the dollar declined against the euro, boosting the appeal of the precious metal as an alternative investment. Silver jumped more than 5 percent. The euro climbed as much as 1.7 percent, rebounding from the lowest level against the dollar in a week. Last month, gold dropped 18 percent, the most in 28 years, as the dollar climbed 11 percent against the euro. The metal reached a record in March as the euro headed for an all-time high in July. ``It's all about the weaker the dollar with gold,'' said Frank McGhee, the head dealer at Integrated Brokerage Services in Chicago. ``At some point, investors will start seeing the impact of the bailout and government interventions. You'll have long-term interest rates rising and a falling dollar.'' Gold futures for December delivery rose $17.90, or 2.5 percent, to $744.70 an ounce at 9:18 a.m. on the Comex division of the New York Mercantile Exchange. A close at that price would mark the biggest percentage gain for a most-active contract since Oct. 8. Silver futures for December delivery rose 56 cents, or 5.7 percent, to $10.31 an ounce. Before today, the metal was down 35 percent this year, while gold dropped 13 percent. To contact the reporter on this story: Pham-Duy Nguyen in Seattle at pnguyen@bloomberg.net.

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