NY gold stands near 7-week high, other precious up

Newswire

NEW YORK, Feb 22 (Reuters) - U.S. gold futures surged to a seven-week high on Tuesday morning as the dollar dropped sharply against rival currencies, raising the precious metal's allure for investors, dealers and analysts said. Riding gold's coattails, silver climbed to a two-month peak and platinum and palladium prices also advanced. By 10:35 a.m. (1535 GMT), gold for April delivery on the New York Mercantile Exchange's COMEX division was up $5.80 at $434.20 an ounce, after backing off ...

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