NY gold up early but off day's peak on fund buys

Newswire

NEW YORK, Jan 23 (Reuters) - U.S. gold futures rose on investment fund buying Monday morning as a weaker dollar, high oil prices and a host of economic and geopolitical worries attracted more cash to the rallying precious metal. Prices held down from Friday's latest 25-year high for the metal, however, amid speculative profit taking and a lack of market-moving news, dealers said. Gold for February delivery was up 90 cents at $554.90 an ounce by 10:25 a.m. EST at the New York Mercantile ...

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