NY gold heads down in morning, watches dollar,data

Newswire

NEW YORK, Sept 27 (Reuters) - NY gold slumped early Tuesday in confused trade, with worse-than-expected U.S. economic data at midmorning lifting the dollar and cutting short an attempt at rallying the precious metal. "It suddenly turned around and fell $3. As for the ever-strengthening dollar, it's pretty confusing to me," said one gold trader at a commercial bank. A firmer dollar and weaker oil prices made it hard for gold to hold gains like the rally on Monday. Still, many players ...

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