Early NY gold up as WorldCom fans flight to quality

Newswire

NEW YORK, June 26 (Reuters) - Investors plowed back into gold futures Wednesday morning as Wall Street came unglued on revelations that irregular accounting at telecom giant WorldCom had inflated its profits for the last five quarters. Jittery investors continued to see gold as a sanctuary from the bear market in stocks and a depreciating dollar which fell within a cent of parity with the rebounding euro. "I have zero confidence in the stock market. Obviously gold is benefiting from ...

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