COMEX gold rebounds early as euro reclaims $1.20

Newswire

NEW YORK, May 19 (Reuters) - COMEX gold jumped in early trade Wednesday, building on a recovery that started in Asia as commercial traders and investors switched out of the dollar into a precious metal beaten down the previous session. June gold at 9:27 a.m. EDT (1327 GMT) was up $5.90 at $381.80 an ounce. It traded from $376.10 to $382.50, after tumbling $3.70 on Tuesday amid speculation that the Federal Reserve was about to lift interest rates. "(There is) some trade buying in the gold ...

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