UPDATE 3-COMEX gold jumps as shorts square before weekend

Newswire

(Changes dateline, recasts with closing COMEX, bullion prices) NEW YORK, Nov 22 (Reuters) - Gold futures jumped Friday as pre-weekend short covering kicked in on the COMEX after London bullion trade wrapped up, amid worries that any hitch in Iraqi arms inspections could inflate gold's war premium. December gold shot up around midday, after standing in place most of the morning. It settled $3.40 higher at $317.60, trading from $316.60 to $322. "It's mainly short covering," said a floor ...

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