COMEX gold hits 20-day high, as OTC options expire

Newswire

NEW YORK, May 26 (Reuters) - COMEX gold stretched its recovery early Wednesday, with strength in the euro and month-end position rollovers dominating floor activity, and weak U.S. durable goods orders giving it extra support. Traders reconsidered expectations for an imminent dollar-supportive U.S. interest rate increase after the government said April orders for big-ticket manufactured items fell 2.9 percent, more than the 0.2 percent decline expected by economists. June gold at 9:37 ...

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