Weak dollar, costly oil buoy NY gold to 3-1/2-week high


NEW YORK, Sept 23 (Reuters) - COMEX gold rose to a 3-1/2-week high Thursday Thursday, buoyed by a weaker dollar and inflation worries on the surge in oil prices toward recent all-time highs. Even as speculation mounted that the detrimental rise in energy costs will lead to Federal Reserve restraint in tightening monetary policy further, this week's rise in crude prices above $48 a barrel has kept the specter of inflation, and interest in gold as a hedge, alive. At 9:14 a.m. EDT (1314 ...

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