COMEX gold surges on G7 flexible currencies call

Newswire

NEW YORK, Sept 22 (Reuters) - COMEX gold ended Monday near the top of a new higher trading zone as dealers said they were responding to a Group of Seven communique calling for flexible exchange rates as a concerted effort to weaken the dollar. "Today, for the most part, it's the old story from the currencies. That was basically the whole thing," said James Pogoda, Mitsubishi International Corp. vice president of precious metals. Dealers said funds jumped in to buy and drove gold up to ...

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