COMEX gold gains on corrective technical buying

Newswire

NEW YORK, Oct 28 (Reuters) - COMEX gold prices gained in early New York action on Monday, defying all obvious fundamental reasons for a decline, and taking the opportunity instead to correct a technical price low and a rapid exit out of long gold positions in the last two weeks, traders said. "We were kind of surprised by the early rise in the market, because the stock market was up, the dollar was up and yet, we saw a little bit of fund buying in there," said one broker. "But, we ...

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