COMEX gold ends up, buyers find value at recent low

Newswire

NEW YORK, Oct 28 (Reuters) - COMEX gold prices ended higher on Monday, boosted by early technical buying and then weakness in the dollar. Fund and trade buying that began last week after gold hit its medium-term range low continued, brokers said. Later in the session, dollar weakness helped prop up gold, since dollar-denominated gold becomes cheaper for overseas buyers when the U.S. currency loses value. Foreign exchange dealers sold off dollars on expectations of weak U.S. economic ...

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