Early COMEX gold weakened by buoyant U.S. data

Newswire

NEW YORK, Aug 26 (Reuters) - COMEX gold dipped early Tuesday as overbought speculators used strong U.S. durable goods data and a weaker euro as an excuse to pocket some profits. But traders said futures have shown surprising resilience in the face of an historic 89,998 contract speculative long position and questions about where new buying will come from in an over extended market. "Everybody is following the euro. It seems that any time we get under $350 or near it, we start to find ...

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