NY gold surges toward 2002 high, Iraq eyed, Fed ignored

Newswire

NEW YORK, Sept 24 (Reuters) - Unnerved by the specter of a second Gulf War, more costly oil and a double-dip recession, investors on Tuesday chased COMEX gold to its priciest since late June, just after the 2002 safe-haven rally topped at a 2-1/2 year high. "The Dow just keeps getting hit and that's what is driving it right here," said a New York bullion trader. Tuesday's rally came in brisk futures trade, with scant heed paid to a Federal Reserve meeting on what to do about the ...

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