NY gold slips off 2-week high on profit taking

Newswire

NEW YORK, Feb 27 (Reuters) - Gold futures in New York fell from a prior two-week high to end lower Monday on speculative selling amid a slide in oil prices after a crude-driven rally in the precious metals on Friday, dealers said. Gold for April delivery closed down $4.20, or 0.75 percent, at $557 an ounce on the New York Mercantile Exchange's COMEX division, after dealing from $561.70 to $554.80. Gold futures weakened after rising 1.9 percent on Friday, as oil slipped more than $1 a ...

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