NY gold rises modestly, traders decipher Bush talk


NEW YORK, Jan 29 (Reuters) - COMEX gold futures see-sawed in a defined range as traders sorted out how war fears, stoked by U.S. President George W. Bush's annual address, might have on gold prices, even if indirectly through a falling stock market and a falling dollar. While the heightened uncertainty implied by Bush's warnings on Iraq propelled gold prices higher, the huge amount of long gold positions already built up by funds limited any rise, according to traders. "Looks like the ...

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