Gold in NY shoots to new near-18-year high early

Newswire

NEW YORK, Nov 21 (Reuters) - Gold futures in New York touched their highest mark in nearly 18 years on Monday morning, driven up by speculative buying as the market eyes a possible move to the psychological level of $500 an ounce. Modest selling, mainly profit taking by large investors, as well as chart resistance at the $490 mark, was capping gains for now, however, traders and analysts said. "Gold is up on continued speculative interest on talk of central bank reserve additions and as ...

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