(RTTNews) - The price of gold turned higher again on Wednesday in U.S. trading and approached a record high. Gold for April delivery moved to $939.60, up $9.80 on the session. Prices moved to as high as $941.40 in mid-day trading, just off the record high of $942.20 from Jan. 30.
Gold had fallen in overnight trading amid a bout with profit-taking but trended higher throughout the day. April gold moved as low as $916.10 in the early going before the comeback.
The metal soared on Tuesday and closed at a three-week high on a strong day for metal futures. April gold climbed to $23.70 to finish the session at $929.80. The precious metal moved to as high as $934.40 earlier in the day. The precious metal's hedge value received a boost as the greenback saw further strength against the euro.Read More
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