FXS: Comex Gold Pares Gains On US Dollar, Crude Moves
Comex Gold Pares Gains On US Dollar, Crude Moves
1506 GMT [Dow Jones] - Gold futures are paring their losses as the U.S. dollar sheds gains and crude oil rallies, says Zachary Oxman, senior trader with Wisdom Financial. Gold is benefitting from a general market rally, including higher equities, and may be seeing some short covering after recent declines, he says. Comex Dec gold is down $10.40 at $724.80 an ounce after posting a low of $695.20.(MWH)
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