Bundesbank gold sales bid pressures COMEX gold

Newswire

NEW YORK, Jan 21 (Reuters) - COMEX gold fell Wednesday after Germany said it wanted to unload 600 tonnes of bullion if a Central Bank gold sales agreement was renewed, but ended well above the lows as the market took the news in stride. "The market recovered surprisingly quickly from it, aided no doubt by dollar declines, which mounted toward the end of the day," said James Steel, analyst at Refco Inc. Strong housing data helped dull gold's safe-haven shine, providing more confirmation ...

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