Early NY gold hits new highs, awaits US word on Iraq

Newswire

NEW YORK, Dec 19 (Reuters) - The gold feeding frenzy threw COMEX futures above $350 an ounce to their highest in almost six years early Thursday, with Washington expected to shortly assert that Iraq lied to the United Nations about its weapons programs. The active February contract hit $355.70 an ounce in electronic ACCESS trade overnight, before buying subsided. That was the priciest for a benchmark contract since February 1997, and gold is up almost 12 percent this month and 29 percent ...

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