NY precious metals climb early on bargain hunting

Newswire

NEW YORK, April 23 (Reuters) - New York precious metals bounced Friday morning after being dragged into oversold terrain during the week's broad sell-off, but strong U.S. durable goods data that lifted the dollar capped gains. Gold advanced from a prior 7-week low, while silver rose from a 2-1/2-month nadir and platinum group metals edged up after losses on speculative long liquidation. "You're seeing some bottom-picking," said Ralph D'Esposito, a PGMs broker at RJ Futures. "I wouldn't ...

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