COMEX gold ends lower, shrugs off Bombay bombings

Newswire

NEW YORK, Aug 25 (Reuters) - Long liquidation in summer markets pushed New York gold futures lower Monday, nixing a brief safe-haven rally after deadly bombings in Bombay rocked the gold trading district in India's financial center. A 23,485 contract jump in the speculative long positions on the COMEX reported by the CFTC late Friday triggered the sell-off. Trade was even thinner than usual in August because London markets were closed for the last bank holiday of summer. "You've got to ...

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