Early NY gold down in relief on economy, blackout

Newswire

NEW YORK, Aug 18 (Reuters) - COMEX gold fell early Monday as the dollar rallied on hopes that the United States was headed toward recovery and that the economic fallout from last week's blackout would be limited. Gold fell more than $5 after the open, losing some safe-haven cache amid relief that the electricity in New York City was back within 2 days of North America's worst-ever power failure on Thursday. At 0921 EDT, December gold was off $4.20 at $360.50 an ounce, trading from ...

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