NY gold rises on fund buying early, silver, PGM up

Newswire

NEW YORK, April 29 (Reuters) - U.S. gold futures rebounded sharply on Friday morning on speculative buying after a slide in the metals complex uncovered strong physical interest at lower prices, dealers said. Values shot up from nine-day lows on pre-weekend bargain hunting before holidays overseas next week, but gold remained wedged in a tight trading range in mostly technical activity. "There is heavy short covering by the hedge funds. And yesterday, lower prices brought in a lot of ...

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