NY precious metals up but off highs in broad rally

Newswire

NEW YORK, Oct 27 (Reuters) - Gold futures in New York jumped almost 1 percent on Thursday morning on fund and safe-haven buying in the precious metals, while platinum shot to an 18-month high and palladium climbed to a 16-month peak. Dealers said the buying was fueled by a combination of renewed speculative interest in commodities as well as an improved technical picture for the metals, which sparked short covering as the dollar pulled back against the euro. By 10:29 a.m. EDT, December ...

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