COMEX gold ends firm, focus on options, dollar,oil

Newswire

NEW YORK, May 25 (Reuters) - COMEX gold rose to an 18-day high Tuesday in activity focused on option expirations, dollar disinvestment and whether record high crude oil prices are a good argument for gold as an inflation hedge. The active June gold contract reached its highest since May 7 at $390 an ounce, drawn by options related position juggling to one of the busier call option strike prices. "It's the usual story: a weaker dollar and COMEX option expiry today, though open interest ...

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