COMEX gold up on weak dollar, Iraq watched

Newswire

NEW YORK, Aug 29 (Reuters) - COMEX gold was levered back up by a weakening dollar early Thursday, with investors getting confirmation that the U.S. economy was sluggish in the second quarter. The dollar slipped against the yen and euro, while Wall Street got off to a shaky start after the Commerce Department in its first revision to second quarter Gross Domestic Product stuck with the 1.1 percent annual growth rate in its advance estimate last month. A weak dollar makes gold more ...

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