NY gold higher early, holds just below $500/oz

Newswire

NEW YORK, Nov 22 (Reuters) - Gold futures in New York opened firmer on Tuesday as early speculative and fund buying was met with some light profit-taking holding prices just below the psychological level of $500 an ounce, market sources said. "The market is reacting exactly the way you would expect it to right now. I think now that we're in striking distance of $500 (an ounce), a lot of the market participants are trying to decide whether this is a good time to be long or short gold," said ...

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