NY gold slips early toward $390 as dollar rises

Newswire

NEW YORK, Feb 26 (Reuters) - COMEX gold fell to a 14-week low near $390 an ounce Thursday morning as the dollar rose to a one-month high against the euro and the specter of central bank intervention to stop the euro's rise loomed over the market. For the second time in a week, German Chancellor Gerhard Schroeder tried to talk the euro down, saying in the text of a speech he is due to deliver in Chicago that further significant appreciation of the 5-year-old currency would harm the world ...

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