UPDATE 4-Gold consolidates south of 25-year peak

Newswire

(Updates with New York closing prices) By Martin Hayes LONDON, April 26 (Reuters) - Gold was largely consolidating on Wednesday having corrected lower from a recent 25-year high, but was poised to rally again as jewellery buying added to fund purchases, traders said. "It is still running through this corrective phase," a bullion trader said. Spot gold moved up to $640.10/641.10 an ounce late in New York, against $630.60/1.60 late on Tuesday, but running some way below a 25-year peak ...

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