Gold recoils in early NY after after brushing $400

Newswire

NEW YORK, Nov 17 (Reuters) - COMEX gold succumbed to profit-taking after failing to break higher Monday morning, but the safe haven argument for gold in the $400s was as strong as ever after weekend terror attacks rattled global financial markets. "It's probably going to have several attempts before it can break through, but sooner or later the market is going to see a $400 print," said Ian MacDonald, manager of bullion trading at Commerzbank. "Concerns about the Middle East are just not ...

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