COMEX gold falls to 6-1/2 week low amid Fed watch

Newswire

NEW YORK, June 24 (Reuters) - COMEX gold fell to a 6-1/2 week low early Tuesday as speculators bailed out of long positions before the Federal Reserve sits down for a 2-day meeting on interest rates later in the day. August gold at 0955 EDT was down $5.00 at $348.40 an ounce. From an early high of $355.40, it fell to $347.00, its lowest since May 8. Stop-loss sell orders were triggered around $352 and again on the break below $350, which accelerated the move. Chart watchers said the drop ...

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