COMEX gold ends higher on fund buying, Iraq unease

Newswire

NEW YORK, Aug 20 (Reuters) - COMEX gold ended higher Wednesday, with recent tensions in the Middle East fueling speculative buying, even though a stronger dollar added to the cost of bullion overseas. "It's all funds throughout the course of the day. You saw funds coming in right from the start," said a floor broker. Growing confidence that the U.S. economy has turned the corner failed to dampen gold sentiment. Many investors distrust paper assets like bonds and stocks and are turning to ...

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