COMEX gold unloads heavy longs to end down sharply

Newswire

NEW YORK, Sept 26 (Reuters) - Both COMEX gold and silver markets, in hugely overbought situations, finished with substantial losses again on Friday, although selling in both markets stopped above key support levels and set the stage to renew their ascent next week, traders said. In a technical rout that began late Thursday, traders said, both gold and silver markets were overdue for price corrections. Once the trigger came from a dollar strengthened by unexpected improvement in the U.S. ...

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