NY gold retreats from 16-yr peak on profit-taking

Newswire

NEW YORK, Nov 18 (Reuters) - U.S. gold futures fell from a 16-1/4-year peak on Thursday as traders took profits from a rally above $445 an ounce amid a softer euro against the dollar and after a new much-hyped gold security launched in New York. December delivery gold slipped $3.50 to $441.60 an ounce at 10:49 a.m. (1549 GMT) on the New York Mercantile Exchange's COMEX division, in a range between $440.20 and its overnight high at $446.40, which was futures' highest price since July 1988. ...

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