NY gold tumbles at close as dlr surges on US data

Newswire

NEW YORK, July 31 (Reuters) - COMEX gold skidded to an eight-day low Thursday as speculators lightened up long positions after upbeat U.S. economic data boosted the dollar, traders said. Dealer buying and fund interest broke the fall, however, and prices found support below the market. Benchmark December gold on the New York Mercantile Exchange's COMEX division ended down $2.30 at $355.80 an ounce, its lowest close since July 22, trading from $355 to $359.40. Front-month August lost ...

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