Profit-taking thwarts COMEX gold bid for new highs

Newswire

NEW YORK, Oct 23 (Reuters) - COMEX gold muscled to within $7 of September's 7-year high early Thursday, before a pause in the dollar's decline gave gold bulls an excuse to pocket some winnings on this week's strong recovery. "It was crazy in the first hour," said a floor broker. "Weakness in stock market had everybody thinking we were going to see the moon today. But there was nothing but fund selling this morning." "You can call it a consolidation day after three straight up days," he ...

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