COMEX gold hit by profit taking before Fed

Newswire

NEW YORK, Oct 28 (Reuters) - COMEX gold rolled back more of last week's gains Tuesday, shedding 1.25 percent as the dollar recovered against the euro and floor traders adjusted futures positions during the expiration of November options. The liquidation of long positions kept the pressure on for a second straight day, with commercial selling also in the mix, as risk was reduced before the Federal Reserve concluded its regular interest rate meeting after the gold close. "I would say it ...

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