COMEX gold up on short-covering in early trade

Newswire

NEW YORK, Feb 24 (Reuters) - COMEX gold rose in technical trading Tuesday morning as the dollar faltered and an audiotape surfaced of a top al Qaeda leader saying the Islamic group had not been crushed. The active April contract shook off Friday's 3 percent pummeling, perching above $400 an ounce and challenging resistance at $403, which was strong support until it gave way in Friday's heavy fund liquidation. At 9:35 a.m. EST (1435 GMT), April gold was up $3.70 at $403.00 an ounce, ...

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