COMEX gold fund buying sends metal to 7-1/2 year high


NEW YORK, Sept 25 (Reuters) - COMEX gold prices surpassed the sizable 7-1/2 year high achieved overnight as an options expiration, more dollar selling and follow-through reaction to the OPEC oil output cuts propelled gold to new contract highs, traders said. Earlier, brokers said momentum trading was helping keep gold prices propped up, even as some funds decided to take profits. But continuation of the weakness in U.S., Asian and European equity markets as well as the dollar on Thursday ...

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