U.S. gold rallies on futures, options expiration

Newswire

NEW YORK, Jan 31 (Reuters) - Gold futures finished more than 1 percent higher on Wednesday, helped by strong buying as options and futures were expiring and robust fund interest, as data showed the U.S. economy grew at a healthy pace. Most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange settled up $7.70, or 1.2 percent, at $657.9 an ounce, trading between $647.50 and $660.70 an ounce. Estimated volume was 33,000 contracts, and options turnover was ...

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