COMEX gold ended down despite dismal confidence data

Newswire

NEW YORK, July 29 (Reuters) - COMEX gold prices sold off in a bout of profit taking on Monday despite unexpectedly weak confidence data, a weak dollar and weak share prices, but traders said they thought the limited losses at the close was a positive sign as gold held the parameters of its higher range. "I think to say it was profit-taking is pretty accurate. It had a pretty good rally, close to $30. I think a little bit of profit-taking definitely did come in," a trader said. As to what ...

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