US gold ends $1 down on profit taking, eyes $700/oz

Newswire

NEW YORK, Feb 22 (Reuters) - U.S. gold futures finished a dollar lower on Thursday as investors took a breather after solid gains in the previous session, but analysts said the precious metal could turn around and test the $700 an ounce psychological mark soon. Most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange settled down $1.00 at $683.00 an ounce, traded in a range between $678.70 and $684.70. Estimated volume was 22,000 contracts, and ...

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