Spec selling drags on NY gold, ends above 2-wk low

Newswire

NEW YORK, Aug 24 (Reuters) - Gold futures in New York fell but ended above a fresh two-week low Wednesday, as speculators trimmed back some of their huge position in the market amid a choppy performance in currencies, traders and analysts said. The specter of long liquidation had been overhanging the market due to the record-high fund net long position on COMEX, and a late morning bounce in the dollar may have been the spark to set off the selling. "The volume was pretty decent so I ...

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