RPT-Choppy NY gold ends off on profit-taking, firm dlr

Newswire

(Repeats unchanged) NEW YORK, Aug 23 (Reuters) - COMEX gold futures settled a volatile session a bit lower on Wednesday, as investors reacted to whippy moves in the dollar after a U.S. home sales report. "Gold was basically going step by step with the euro/dollar," said a precious metals trader in New York. Gold has a tight inverse correlation with the dollar, since many investors use it as an alternative to the U.S. currency. "Gold looked good technically earlier, but the market is ...

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