Softer COMEX gold mulls India, dollar, oil

Newswire

NEW YORK, Aug 21 (Reuters) - COMEX gold eased Wednesday, drifting in summer trade with a firm dollar capping the market and the bottom of the range reinforced by physical bullion demand and uncertainty about higher oil prices and inflation. Participants expect gold to trade sideways between $300 and $320 an ounce at least until the unofficial end of summer after the U.S. Labor Day holiday on Sept 2. December gold settled $1.10 lower at $309.30 an ounce, retracing Tuesday's $2.70 gain. ...

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