Strong US GDP halts early COMEX gold surge toward high

Newswire

NEW YORK, Oct 30 (Reuters) - Surprisingly upbeat news on U.S. economic growth Thursday morning jammed the brakes on COMEX gold's rally toward 7-year highs hit in September, as a rising dollar lured investors out of safe havens. The Commerce Department report that third-quarter gross domestic product surged an annualized 7.2 percent was badly timed for gold bulls, who prefer uncertainty about the economy and the dollar and had chased gold futures up $12 since Wednesday. December gold at ...

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