Runaway gold rally stalls at $370/oz in early NY

Newswire

NEW YORK, May 20 (Reuters) - COMEX gold caught its breath near 3-1/2 month highs early Tuesday, easing back in New York from a challenge of $370 an ounce overnight after the dollar steadied against the rallying euro. "(Gold) seemed to run away from the euro link overnight night and this morning as there was a lot of fund buying and some black boxes going off," said a bullion dealer, referring to computerized trading models. "It seems to have positive momentum right now," he said. "At ...

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