NEW YORK, Nov 30 (Reuters) - U.S. gold futures retreated on Wednesday morning, but still held near Tuesday's 18-year high above $500 an ounce, as investors pocketed some gains from the metal's recent blistering rally, dealers and analysts said. At the COMEX division of the New York Mercantile Exchange, new benchmark February delivery gold shed $4 to stand at $499.50 an ounce by 10:43 a.m. EST. Traders saw further consolidation at current levels as likely, with players awaiting the next ...
Premium Content (PAID Subscription Required)
"NY gold backpedals from $500/oz on profit taking" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.