COMEX gold rebounds early Friday, eyes euro

Newswire

NEW YORK, June 27 (Reuters) - COMEX gold rebounded early Friday from a shakeout triggered by the smaller-than-hoped-for U.S. interest rate cut, outpacing a modest bounce in the euro though dealers said the gold-currency link remained tight. Some of the buying was related to the 9:30 a.m. (1330 GMT) expiration of over-the-counter options, with hedging against the popular $345 call options driving London spot prices above that level. "The euro was ticking up. That was part of the impetus, ...

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