COMEX gold stays low into close as US stocks gain

Newswire

NEW YORK, Oct 30 (Reuters) - COMEX gold prices ended lower on Wednesday, pressured by gains in U.S. equities and by players exiting long positions on signs the market was overbought, traders said. U.S. stock markets held modest gains near the time gold futures closed. The Dow Jones industrial average closed up 58 points at 8,427, while the Nasdaq composite jumped 26 points to 1,326, following strong quarterly results from semiconductor companies. "Like many markets, gold has become so ...

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