COMEX gold down early on steadier markets, strong GDP

Newswire

NEW YORK, June 27 (Reuters) - COMEX gold was down early Thursday, hit by profit-taking on safe-haven longs as global markets regained their nerve after Wednesday's market-rattling WorldCom bombshell, dealers said. Stronger-than-expected data on first-quarter economic growth helped soothe investor jitters that another massive corporate accounting scandal could undermine confidence in U.S. business and derail the fragile economic recovery. August gold at 0926 EDT was down $2.60 at $318.20 ...

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