US gold surges 3 pct on technical, fund buying, oil

Newswire

NEW YORK, Feb 21 (Reuters) - U.S. gold futures surged more than 3 percent on Wednesday after a pullback in the previous session, as technical and fund buying, higher oil and geopolitical tensions pushed the precious metal closer to the $700 an ounce psychological mark. Oil, base metals and other commodities also rallied on Wednesday, and the Reuters/CRB Index rose to its highest level of the year. Most-active gold for April delivery on the COMEX division of the New York Mercantile ...

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