COMEX gold declines in face of upbeat Dow 30

Newswire

NEW YORK, Oct 30 (Reuters) - COMEX gold was lower Wednesday morning as some of the quickly won gains from prior sessions were corrected, and an upbeat stock market weighed on buying sentiment. "This is a correction of yesterday's action. We sold off last night because of the late rally in the Dow. We're trading tick for tick with the Dow," one broker said. "Gold was a little overbought yesterday, but the Dow is down, so they're bidding it back up again. There's been some decent volume ...

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