Early COMEX gold bounces, Iraq news awaited

Newswire

NEW YORK, Feb 28 (Reuters) - COMEX gold recovered some lost ground early Friday but fund liquidation continued to hang over the market, even with oil prices near 12-year highs, the dollar weak and geopolitical crises keeping markets on edge. "I think that those people who have long positions are more concerned with their positions and securing some profits right now," said one chief dealer. COMEX gold at 0925 EST was up $2.40 at $348.50 an ounce, trading $345.30 to $349 as shorts ...

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