Precious metals in NY trip lower on book squaring

Newswire

NEW YORK, March 31 (Reuters) - U.S. precious metals futures settled down from multiyear peaks on Friday as commodity funds and speculators pocketed profits from the recent blistering rally and before quarter's end, market sources said. Gold scaled a fresh 25-year peak overnight before retreating and silver slipped from a 22-year high, although it stayed within sight of the looming $12-an-ounce mark. Palladium, the most illiquid of the group, sank nearly 6 percent before bottoming, while ...

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