Pre-Fed liquidation knocks NY gold to 7-week low

Newswire

NEW YORK, June 24 (Reuters) - COMEX gold fell to its lowest in almost 7 weeks Tuesday as the Federal Reserve opened 2-day interest rate talks and speculators exited stale long positions due to uncertainty over the size of an expected easing. Much of the selling was technical, while upbeat consumer sentiment data and a firm stock market helped erode gold's safe-haven underpinning. The euro was sidelined early on, but declines in gold and the currency later fed off each other. August gold ...

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