US gold futures fall on profit taking, eye $700/oz

Newswire

NEW YORK, Feb 22 (Reuters) - U.S. gold futures slipped early 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. At 10:17 a.m. EST (1517 GMT), most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange was down $3.10 at $680.90 an ounce, trading in a tight $4-range between $678.70 and $683.90. On Wednesday, the contract ...

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