COMEX gold breaks up to 2-week high in early trade


NEW YORK, May 21 (Reuters) - COMEX gold surged to a two-week high Friday morning as a weakening in the dollar prompted commodity funds to buy back short positions in precious metals. Comments by Federal Reserve Governor Ben Bernanke suggesting the Fed would not rush to raise interest rates without being sure the job market is recovering and inflation is on the rise knocked the dollar to two-week lows against the euro and yen overnight, making gold cheaper overseas. But gold outpaced ...

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