Euro-linked NY gold down but US rates seen positive


NEW YORK, June 26 (Reuters) - A dollar rally after Tuesday's U.S. interest rate cut knocked COMEX gold to a 7-week low Thursday but hardly damaged long-term gold bullishness derived from evaporating U.S. yields. August gold settled down $5.40 at $344.20 an ounce, trading from $348.70 to $343.50, its lowest since May 8. The contract is down $12 this week and off more than $30 since topping at $375.80 on May 27. Though remaining positive on gold's long-term outlook, overbought traders ...

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