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Gold and Silver Retreat from Record Highs
Gold and silver futures pulled back Thursday after both metals reached record highs in the prior session, this as easing geopolitical tensions and profit-taking combined to cool safe-haven demand. Gold futures in New York fell 0.29% to $4,620.50 a troy ounce, holding above the $4,600 level after trimming deeper losses from morning trade. Silver retreated more sharply, with futures down 0.83% to $92.39 an ounce after tumbling as much as 4.5% earlier in the session. As of 6:50 PM EST February gold futures are fixed at $4313.10, and silver March futures are fixed at $90.625 The pullback followed a marked reduction in ... (full story)
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