NY gold settles firmer on China, choppy oil price

Newswire

NEW YORK, Oct 28 (Reuters) - Gold futures erased early losses to finish slightly higher on Thursday as the dollar weakened after a surprise interest rate rise by China made waves across world financial markets. A steadier crude oil price before the end of New York metals trading also supported gold in its role as a safe haven during times of increased volatility, dealers said. "Gold is trading off of oil, that's all it is," said Leonard Kaplan, president of Prospector Asset Management. ...

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