COMEX gold up early on fund buying as Dow falls

Newswire

NEW YORK, Sept 30 (Reuters) - COMEX gold advanced Monday morning on speculative buying, dragging up silver in its wake, as sagging global equity markets and a weaker U.S. dollar boosted safe-haven assets, traders said. But as financial markets fret about corporate earnings, economic growth and the prospects of a U.S.-led war to disarm Iraq, a hefty fund long position was seen capping gold below its 2-1/2 year peak from June over $330 an ounce for now. "We have some funds buying but we ...

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