COMEX gold drops as central banks intervene on dlr

Newswire

NEW YORK, June 28 (Reuters) - Central bank intervention to prop up the dollar pulled the rug out from under COMEX gold on Friday, upending early gains and sending futures to a six-week low as bulls turned tail en masse. Much of the capitulation came suddenly before the close, which left August gold at $313.90 an ounce, down $5.70, or 1.8 percent. It managed an equally head-jerking bounce off $310.50, its lowest since May 16, in the final moments. Spot gold fell to $314.00/5.00 from ...

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