Comex Gold Dips Further On Oil, Stock Market

Comex Gold Dips Further On Oil, Stock Market

1556 GMT [Dow Jones] - Gold futures are increasing their losses as oil dips, equities are "looking shaky" and the dollar provides little impetus, an analyst says. Crude is "largely taking gold with it," says Andrew Montano, director of precious metals at Scotia Mocatta. The "dollar is relatively stable, so it's not providing any particular thrust." Comex Feb gold is down $6.10 at $859.60 an ounce. (MWH)