Overheated COMEX gold deflates in early trade

Newswire

NEW YORK, Dec 20 (Reuters) - COMEX gold pulled back from six-year highs Friday morning after overbought speculators swiped some profits off the table before the weekend and the year-end holidays. Market conditions are getting illiquid, which will make it harder to get in or out of positions during the Christmas and New Year period, when public holidays will keep many traders out of the market for a good part of the next two weeks. February gold at 0925 EST was down $4.60 at $341.90 an ...

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