NY gold retreats as dollar, stocks firm on US data

Newswire

NEW YORK, Jan 31 (Reuters) - COMEX gold futures jumped at the open Friday on continued worries over possible war in Iraq, but then the bulls got their hopes dashed as the dollar and Wall Street rose on upbeat economic reports. "The dollar is rallying and that's why gold failed on its rally. And stocks are improving too," said one floor broker. April gold on the New York Mercantile Exchange's COMEX division was $1.70 higher at $368.0 an ounce, trading $368.70 to $372.70. Early COMEX ...

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