COMEX gold rise backed by strong euro despite data

Newswire

NEW YORK, July 25 (Reuters) - COMEX gold prices seesawed Friday morning while traders sorted out the implications of a slew of strong U.S. economic data, but then took a decidedly positive stance once the dollar dropped to three-week lows on the euro after the data's release, traders said. The euro continued pounding dollar and the stock market was struggling to hold even tiny gains after U.S. new home sales rose to their strongest level on record and durable good orders grew unexpectedly ...

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