RPT-Obsession with $400/oz rescues COMEX gold

Newswire

NEW YORK, Nov 18 (Reuters) - Commodity funds came flocking back to COMEX gold Tuesday after lightening their load in a shakeout the previous day, obsessed with trading $400 gold as the dollar plumbed new lows against the euro. Gold is seen as an investment alternative to the weakening dollar, and has enjoyed a resurgence of safe-haven interest linked to concerns about mounting U.S. casualties in Iraq and the specter of more al Qaeda attacks. "The market is obviously still looking firm ...

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