NY precious metals fall as investors take profits

Newswire

NEW YORK, March 31 (Reuters) - U.S. precious metals futures stumbled from multiyear peaks on Friday morning as commodity funds and speculators cashed in on gains after a blistering rally on Thursday, market sources said. Gold hit a 25-year high before retreating, and silver also slipped back, though it still was close to a fresh 22-year high and within sight of the $12-an-ounce mark. Palladium, the most illiquid of the metals group, sank nearly 6 percent before steadying and platinum ...

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