COMEX gold drops on stock gains, data add pressure

Newswire

NEW YORK, June 25 (Reuters) - COMEX gold fell at the open on strength in U.S. equity markets and a steady dollar, as all three markets reversed their recent trends, but traders said gold would not go down too far as Middle East tensions continue to simmer. After U.S. economic data proved benign, with June consumer confidence slightly better than expected, U.S. share prices continued to firm and gold added to its losses. "You had a little follow-through selling this morning in reaction to ...

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