NY gold ends tad higher after WorldCom safe-haven rally

Newswire

NEW YORK, June 26 (Reuters) - Investors bought gold futures Wednesday to cushion portfolios from the fallout on Wall Street of news that irregular accounting at U.S. telecommunications giant WorldCom had inflated its profits since early 2001. But COMEX gold backed off its highs, closing with a tiny gain, even though gloomy investors continued to hope that bullion could preserve capital amid an equities bear market and the dollar's fall to near parity with the euro. August gold settled up ...

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