COMEX gold retreats on Buba news, strong U.S. data

Newswire

NEW YORK, Jan 21 (Reuters) - COMEX gold was lower Wednesday morning on news that Germany wanted to unload 600 tonnes of bullion if a Central Bank gold sales agreement was renewed and U.S. housing data showing a rebounding economy. Housing starts rose 1.7 percent in December as builders broke ground at the fastest rate since 1984. This dulled gold's safe-haven shine, although investors remain comfortable with gold near 15-year highs with the dollar still on the ropes. At 10:20 a.m. EST ...

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