NEW YORK, Nov 29 (Reuters) - Profit taking pressured gold in early New York trading Tuesday after prices topped $500 an ounce overnight for the first time in 18-years, rewarding weeks of fervent buying by investors and short-term speculators. Platinum prices were struggling near a 25-year high, but funds also cashed in some of the bullish bets booked recently. At the COMEX division of the New York Mercantile Exchange, December gold futures were down $2.50 at $495.80. They retreated from ...
Premium Content (PAID Subscription Required)
"Gold backs off rally above $500 in early NY trade" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.