COMEX gold jumps on physical buying, silver soars

Newswire

NEW YORK, July 28 (Reuters) - COMEX gold prices jumped Monday morning with physical gold buyers inspired by declining U.S. stock market and the euro reasserting itself against the dollar, traders said. "It's just an extension of last week's rally. We're in a rally mode. There's a lot of physical buying. The funds are buying back in here. I think some of the dealers got caught short in the low $350s. That's what fueled above $355. Then everybody jumped in and it kept going," said one floor ...

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