Funds lift NY precious metals to new highs early

Newswire

NEW YORK, Nov 16 (Reuters) - Precious metals futures soared in New York trading on Wednesday morning, with silver scaling an 11-month peak and platinum spiking to another in a series of near-26-year highs, on a flurry of fund buying, dealers said.

The market climbed on expectations that prices for metals could soon challenge psychological resistance levels due to keen investment interest in commodities and market leader gold's recent decoupling from currencies.

"It's a ...

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