COMEX gold steadies before weekend, quarter end


NEW YORK, June 27 (Reuters) - COMEX gold recovered Friday from a new 7-week low and disappointment over Wednesday's smaller-than-hoped-for U.S. interest rate cut, with options-linked buying and quarter-end squaring helping to steady prices. The gold-currency relationship was not as tight as it has been lately, with bullion starting higher even before the euro tried to rally back from its own 6-week low to the dollar. August gold closed up $1.30 at $345.50 an ounce. It traded up from ...

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