COMEX gold backpedaling from highs in early trade

Newswire

NEW YORK, May 28 (Reuters) - COMEX gold was stumbling back from its highest levels since February early Wednesday, as a recovery in the embattled dollar deflated the euro and drew money out of precious metals. June gold is down more than $15 since it flirted with $375 an ounce for the first time since Feb. 7 on Tuesday, as the euro topped the best price of its trading debut against the dollar on Jan. 4 1999. The benchmark gold contract at 0928 EDT was down $8.60 at $359.00 an ounce, ...

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