Gold rally vaults NY precious metals to new highs

Newswire

NEW YORK, Aug 27 (Reuters) - New York gold surged to a three-month high Wednesday, snapping a summer downtrend and catapulting silver and platinum to new peaks, as buyers swarmed out of the woodwork. Mining shares soared and commodity funds lined up to buy gold futures at the COMEX division of the New York Mercantile Exchange, where December gold topped at $375.40 an ounce just before noon EDT (1600 GMT), the highest since May 27. The active contact ended up $7.30, or 2 percent, at ...

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