COMEX gold cuts losses on French bomb scare

Newswire

NEW YORK, March 24 (Reuters) - COMEX gold fell from nine-week highs Wednesday, but saw knee-jerk buying after a bomb was found buried on a French rail line, two weeks after the Madrid train attacks began restoring gold's war premium. A dollar rally siphoned money from the safe haven, but dealers expect continued buying of gold amid anxiety about global security and the U.S. "war on terror." April gold settled at $417.40 an ounce, down $2.60 but well above the low of its $420.30-$414.90 ...

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