U.S. gold corrects lower in early trade, oil weighs

Newswire

NEW YORK, Oct 31 (Reuters) - Gold futures fell early Tuesday, correcting from Monday's rally, as a firm dollar and shaky crude oil prices gave longs an excuse to pocket profits and wait for better levels to buy the precious metal again. "We could dip several dollars and still have this general bull move remain quite intact," said James Steel, senior analyst at HSBC. "We have a weaker oil price today, commodities as a whole are down a little bit. The move yesterday appeared to be largely ...

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