MW: Gold pares gains as dollar reduces losses, stocks fall
By Moming Zhou
NEW YORK (MarketWatch) - Gold futures pared some of their gains in late morning trading Wednesday, as the U.S. dollar reduced its losses and equity markets extended their declines. Gold for December delivery was last up $5.80, or 0.8%, at %738.50 an ounce on the Comex division of the New York Mercantile Exchange. It surged 4.4% to $764.80 earlier as the dollar index fell more than 1%. The dollar has reduced its losses, with the index trading almost flat.
