Early NY gold backpedals, platinum digs in at high

Newswire

NEW YORK, Aug 28 (Reuters) - New York gold futures receded from 3-month highs early Thursday, cooled by profit-taking, a weaker euro, growing confidence in the economy and nervousness over the epic bullish bet hanging over the COMEX. Both knee-jerk gold selling and more fund buying were reported after the release of a larger-than-expected upward revision to second quarter U.S. gross domestic product to 3.1 percent from last month's advance estimate of 2.4 percent. December gold at 0916 ...

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