COMEX gold drops as funds sell on dollar, GDP gains

Newswire

NEW YORK, Sept 26 (Reuters) - COMEX gold prices opened down Friday, then took a nose dive when heartier-than-expected U.S. growth gave a boost to the ailing dollar, traders said. The dollar rose about half a cent to session highs on the euro after strong U.S. growth came out on Friday. Final second quarter U.S. GDP rose by 3.3 percent, up from 3.1 previously. In reaction, gold profit-takers, some of whom had begun their selling spree late Thursday, continued to unload their heavy long ...

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