Gold retreats from high on profit taking

Newswire

NEW YORK, Nov 28 (Reuters) - Gold retreated in choppy trading on Tuesday, taking a breather from its recent rally on a weakening dollar as investors opted to lock in profit ahead of the release of a key indicator of U.S. economic strength on Wednesday. Sources expected the dollar to continue to be the key for gold in the near term. December gold at the COMEX division of the New York Mercantile Exchange ended down $3.30 at $637.30 an ounce. It traded in a range of $632.50 to $641.90. ...

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