Gold up in early NY trade, funds double up on dips

Newswire

NEW YORK, Sept 28 (Reuters) - Gold futures rose early on Wednesday as investors took advantage of Tuesday's dip to place more bets that the precious metal was not finished setting new highs. "A lot of funds that are long are still looking higher in here," a floor broker said, adding that hedge funds and other big traders looked ready to buy on "any kind of pullback." At 9:18 a.m. EDT (1318 GMT), December gold at the COMEX division of the New York Mercantile Exchange was up 90 cents at ...

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