COMEX gold rallies on steep euro gains, silver shoots up

Newswire

NEW YORK, July 23 (Reuters) - COMEX gold shot up to a one-month high Wednesday morning, shrugging off prior-day losses when the euro scaled a 16-day peak against the dollar, gold traders said. The euro grabbed back all of Tuesday's losses and more on Wednesday when several official comments on foreign exchange intervention implied a more hands-off reaction to the dollars' recent declines. "The spot (gold) market was firmer this morning; a strong euro and strong fund buying. That's also ...

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