Fund sales hammer NY gold & PGMs in early trade

Newswire

NEW YORK, July 5 (Reuters) - U.S. gold futures slumped to 3-1/2-week lows on Tuesday morning, knocked by speculative selling due to a rally in the dollar, with prices holding near $425 an ounce after a break of key $430 support, dealers said.

Pressure from investment funds on metals markets also pushed platinum prices to their lowest since late May and palladium futures to a life-of-contract low.

By 10:19 a.m. EDT (1419 GMT), August delivery gold on the New York ...

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