COMEX gold succumbs to falling euro, strong data

Newswire

NEW YORK, Aug 21 (Reuters) - COMEX gold could not buck the falling euro on Thursday, skidding briefly below $360 an ounce and erasing a two-day rally as the dollar surged on reports showing economic activity picking up at a surprising clip. December gold closed down $5.20 at $361.80 an ounce. It traded from $368.00 to $359.50, after rallying $4 on Wednesday. Gold gained fans with its resilience this week, even as the falling euro discouraged European investors from buying dollar-priced ...

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