COMEX gold falls early, bear market may be forming

Newswire

NEW YORK, July 26 (Reuters) - COMEX gold futures continued to ratchet down to new medium-term lows Friday morning as some players not only liquidated long positions, but began taking out new short positions after technical support gave way, COMEX brokers said. With the dollar reasserting its strength and U.S. equity markets opening higher, some traders said there was talk that some funds were changing their strategy, betting that the bottom was in for stocks and that gold had already seen ...

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