Profit-taking dents precious metals in early NY

Newswire

NEW YORK, Jan 23 (Reuters) - COMEX gold was softer Friday morning, but stranded in a range while New York speculative funds traded in other precious metals and took profits on a huge catch-up rally in palladium this week. "New York is where the price action takes place," said a precious metals trader at a commercial bank. "It's probably a little further liquidation. If the stock market is good again, there might be some rotation (out of precious metals)." February gold at 9:51 a.m. EST ...

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