NY gold recovers, silver and PGMs hold lower early

Newswire

NEW YORK, Oct 28 (Reuters) - Gold futures in New York erased steep losses while other precious metals held lower on Thursday morning, as the euro gyrated against the dollar after news China's central bank raised interest rates. Gold managed to hold firm on short-covering after it slid below $422 an ounce, with slightly higher weekly U.S. jobless claims giving the euro a boost off its lows, traders said. December gold at the New York Mercantile Exchange's COMEX division was up 10 cents at ...

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