NY gold tumbles to 1-month low on fund liquidation

Newswire

NEW YORK, Aug 30 (Reuters) - U.S. gold futures fell 1.6 percent to hit a one-month low Tuesday morning, as traders mostly ignored soaring oil prices and instead trimmed positions after the dollar rose on an upbeat consumer confidence report. December delivery gold was down $7.50 at $433.90 an ounce at 11 a.m. EDT on the New York Mercantile Exchange's COMEX division, trading from a session high of $441.90 to $433.50 -- its lowest mark since July 29. Futures plummeted through support ...

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