COMEX gold nosedives on ECB jitters

Newswire

NEW YORK, Feb 25 (Reuters) - COMEX gold fell more than 2 percent Wednesday to its lowest price in more than three months, as the dollar rebounded on reports that the European Central Bank stood ready to intervene to slow the euro's rise. Remarks Wednesday by Federal Reserve Chairman Alan Greenspan before the U.S. House of Representatives Budget Committee that the United States could not grow itself out of its budget deficit, which has fueled selling of the dollar on world markets, did ...

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