NY precious metals sink as traders pocket profits

Newswire

NEW YORK, July 30 (Reuters) - Precious metal futures finished lower Wednesday on speculative selling as traders pocketed profits in gold, silver and platinum after rallies fizzled earlier this week, traders and analysts said. Gold prices slid further from Monday's 6-week peak to dip below $360 an ounce support, also coming under renewed pressure from a stronger U.S. dollar against key currencies, which hurt gold demand overseas. "It is all spec and almost was kind of predictable in that ...

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