US gold, silver end sharply down on fund selling

Newswire

NEW YORK, Feb 28 (Reuters) - U.S. gold and silver futures ended sharply lower on Wednesday but well off their lows in electronic trade a day earlier, when funds bailed out of precious metals, triggered by broad-based declines in the stock markets. Most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange settled down $14.70, or 2.1 percent, at $672.50 an ounce, traded in a range between $664.00 and $680.50. Estimated volume was 27,000 contracts, and ...

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