NY gold recovers from early drop to end higher

Newswire

NEW YORK, June 21 (Reuters) - U.S. gold futures erased steep morning losses to end higher Tuesday, as investors snapped up the yellow metal after a burst of fund selling and profit taking overnight briefly sent it to cheaper levels. In other precious metals, platinum stayed under pressure, however, after backpedaling from the pivotal $900 per ounce mark, dealers said. August delivery gold rose 50 cents to end at $440.50 an ounce on the New York Mercantile Exchange's COMEX division. It ...

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