US gold falls nearly 2 pct on profit taking, oil


NEW YORK, Feb 20 (Reuters) - U.S. gold futures fell almost 2 percent early on Tuesday as investors took a breather to lock in profits and weaker crude oil prices dragged the precious metal lower. Trade data showed that speculators in gold futures raised their long positions sharply. At 10:45 a.m. EST (1545 GMT), most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange was down $11.30, or 1.7 percent, at $661.50 an ounce after peaking at $677.80 in ...

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