Gold in NY closes at an almost 18-year high

Newswire

NEW YORK, Nov 21 (Reuters) - Gold futures in New York settled at their highest mark in nearly 18 years on Monday, boosted by speculative buying as traders eye a possible move to the psychological level of $500 an ounce. Profit taking from gold's recent rally and chart resistance near $490 capped gains for the moment, traders and analysts said, but dips in price were likely to prompt fresh buying. At the New York Mercantile Exchange, benchmark December gold on the COMEX division hit a ...

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