COMEX gold rallies into close on OPEC oil cut news


NEW YORK, Sept 24 (Reuters) - COMEX gold launched a late rally on Wednesday to extend the day's range as dollar weakness, a stock market selloff and a surprise oil output cut by OPEC all conspired to shove yellow metal prices out of their consolidation doldrums, traders said. "Some people still think of gold as a hedge against inflation and higher oil prices equals inflation, so people tend to buy gold on that news," said one gold dealer. COMEX December gold futures finished with a $1.40 ...

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