COMEX gold rallies as weak dollar ignores strong data

Newswire

NEW YORK, April 24 (Reuters) - COMEX gold rose early Thursday as the dollar tumbled despite upbeat U.S. economic data. The dollar plumbed $1.1035 per euro overnight, eyeing the four-year low at $1.1084 hit on March 11, even though March U.S. durable goods orders rose 2 percent compared to expectations of a 0.5 percent drop after February's 1.5 percent fall. There was some puzzlement on the floor about gold's rally on data that seemed to show the economy was in better shape than many ...

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