NY gold posts slight gain early, silver backtracks

Newswire

NEW YORK, Jan 28 (Reuters) - COMEX gold gained Wednesday morning as the euro rose on a soft U.S. durable goods report, with traders keeping vigil for a decision by Federal Reserve on interest rates this afternoon. Gold for February delivery was up $1.10 to $411.20 an ounce at 10:05 a.m. EST, trading from $408.20 to $413.00. "The market is fairly steady. The main feature is still the dollar fading and movements in dollar/euro," said James Pogoda, vice president of precious metals at ...

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