Dlr drop on GDP steadies COMEX gold over $400/oz

Newswire

NEW YORK, Jan 30 (Reuters) - COMEX gold rose back over $400 an ounce Friday after discontent over fourth-quarter U.S. economic growth weakened the dollar and gave floor traders a chance to clean up from Thursday's chaotic price fall. The advance report on U.S. gross domestic product for the last quarter of 2003 showed brisk 4.0 percent annualized growth. But financial markets predicted a 4.8 percent expansion rate following the third quarter's breakneck 8.2 percent pace. April gold rose ...

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