Early COMEX gold tops $390/oz, nears Sept high

Newswire

NEW YORK, Oct 24 (Reuters) - COMEX gold jumped early Friday to its highest since setting a 7-year peak last month, resuming its rise after a 1-day hiatus in a flurry of stop-loss fund and trade buying, floor brokers said. As it has done all year, a weaker dollar against the euro Friday encouraged fund rotation back into gold, lifting the benchmark December contract above Thursday's high of $388.10 an ounce to a new one at $390.40 an ounce this morning. At 0937 EDT, the contract was up ...

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