COMEX gold hit by funds at close, palladium retreats

Newswire

NEW YORK, Aug 28 (Reuters) - COMEX gold sold off Wednesday in a flurry of late stop-loss orders, capped by a firm dollar but ignoring a sell-off on Wall Street, dealers said. Precious metals started out sluggishly, with U.S. dealers focused on morning options expirations in London and the coming three-day weekend to observe U.S. Labor Day on Monday. "It was just some funds came in right toward the end," said a floor broker. COMEX December gold settled down $3 at $310.90 an ounce, ...

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