NY gold ends higher after $500/oz cracked

Newswire

NEW YORK, Nov 29 (Reuters) - New York gold futures ended up a touch on Tuesday after Asian markets took prices above $500 an ounce for first time in 18 years, rewarding weeks of fervent buying by investors and speculators. Platinum remained strong near a 25-year high. As in gold, funds cashed in some of the bullish bets booked recently. At the COMEX division of the New York Mercantile Exchange, December gold spent most of the session lower, but settled up 80 cents at $499.10. It reached ...

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